Homework Clinic
Social Science Clinic => Economics => Microeconomics => Topic started by: DelorasTo on Jun 30, 2018
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When a firm is a price maker
A) price is equal to marginal revenue.
B) price is greater than marginal revenue.
C) price is less than marginal revenue.
D) price is equal to marginal cost.
Question 2
Examples of strategic behavior include
A) kinked demand and linear demand.
B) prisoner's dilemma and interdependence.
C) kinked demand and economic profit
D) prisoner's dilemma and kinked demand.
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Answer to Question 1
B
Answer to Question 2
D