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Author Question: If the equilibrium exchange rate exceeds the par exchange rate in the market for pounds, the pound ... (Read 258 times)

ghost!

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on: Jun 29, 2018
If the equilibrium exchange rate exceeds the par exchange rate in the market for pounds, the pound is overvalued.
 
  Indicate whether the statement is true or false

Question 2

What is the maximum a monopolist would be willing to spend on rent-seeking behavior?
 
  What will be an ideal response?


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meltdown117

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

FALSE

Answer to Question 2

Rent-seeking behavior refers to actions by monopolists to preserve their monopoly profits. Therefore, monopolists would be willing to spend up to the amount of these profits.


ghost!

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

FergA

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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