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Author Question: Refer to the Article Summary. Assume that after the record decline in U.S. farm income in 2015, ... (Read 110 times)

burton19126

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on: Jun 29, 2018
Refer to the Article Summary. Assume that after the record decline in U.S. farm income in 2015, farmers are expected to break even in 2016. This means that at the quantity being produced in 2016
 
  A) MR =ATC. B) AVC =ATC. C) MC =AVC. D) MR =MC.

Question 2

Assuming that the total market size remains constant, a monopolistically competitive firm earning profits in the short run will find the demand for its product decreasing in the long run because
 
  A) some of its customers have switched to purchasing the products of new entrants in the market.
  B) as the firm raises its price in the long run, it will lose some customers to new entrants in the market.
  C) its costs of production rises.
  D) new entrants into the market are more likely to have cutting edge products.
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dreamfighter72

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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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burton19126

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Reply #2 on: Jun 29, 2018
Correct answers!


dreamfighter72

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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