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Author Question: Which of the following explains why the marginal cost curve has a U shape? A) Initially, the ... (Read 74 times)

abc

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on: Jun 29, 2018
Which of the following explains why the marginal cost curve has a U shape?
 
  A) Initially, the average cost of production rises, then falls.
  B) Initially, the marginal product of labor falls, then rises.
  C) Initially, the marginal product of labor rises, then falls.
  D) Initially, the average product of labor rises, then falls.

Question 2

A market comprised of only two firms is called a
 
  A) competitive market. B) monopoly.
  C) duopoly. D) monopolistically competitive market.
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livaneabi

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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abc

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

vickyvicksss

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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