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Author Question: To maintain a monopoly, a firm must have A) an insurmountable barrier to entry. B) a perfectly ... (Read 93 times)

yoooooman

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on: Jun 29, 2018
To maintain a monopoly, a firm must have
 
  A) an insurmountable barrier to entry. B) a perfectly inelastic demand.
  C) few competitors. D) marginal revenue equal to demand.

Question 2

Refer to Table 11-1. What is the marginal product of the 4th worker?
 
  A) 137 pounds B) 50 pounds C) 12.5 pounds D) 5 pounds
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bubulittle310@msn.cn

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


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