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Social Science Clinic => Economics => Microeconomics => Topic started by: Collmarie on Jun 30, 2018

Title: To protect economic profits A) a firm should try to acquire a barrier to entry. B) a firm should ...
Post by: Collmarie on Jun 30, 2018

To protect economic profits
 A) a firm should try to acquire a barrier to entry.
  B) a firm should limit substitutes.
  C) a firm should have a patent if possible.
  D) all of these choices.

Question 2

To maximize total revenue
 A) should produce where MR=MC.
  B) should produce where MR=P.
  C) a firm should produce where MR=0.
  D) should produce where P=ATC.

Title: To protect economic profits A) a firm should try to acquire a barrier to entry. B) a firm should ...
Post by: amandalm on Jun 30, 2018

Answer to Question 1

D

Answer to Question 2

C