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Author Question: Refer to Figure 4-9. For each unit sold, the price sellers receive after the tax (net of tax) is ... (Read 106 times)

Coya19@aol.com

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Refer to Figure 4-9. For each unit sold, the price sellers receive after the tax (net of tax) is
 
  A) 12. B) 8. C) 4.40. D) 3.

Question 2

What decision must be made by firms with market power that is not made by firms which operate in perfectly competitive markets? Explain.
 
  What will be an ideal response?



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kswal303

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Answer to Question 1

D

Answer to Question 2

Firms with market power must choose what price to charge for their products. Firms in perfect competition do not set price because they are price takers.




Coya19@aol.com

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


bbburns21

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Reply 3 on: Yesterday
Wow, this really help

 

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