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Author Question: In the long run, perfectly competitive firms make zero economic profit, that is, their owners make a ... (Read 150 times)

Marty

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on: Jun 29, 2018
In the long run, perfectly competitive firms make zero economic profit, that is, their owners make a normal profit.
 
  Indicate whether the statement is true or false

Question 2

If a marginal cost pricing rule is imposed on the natural monopoly shown in the figure above, then it will produce
 
  A) 2 million units.
  B) 3 million units.
  C) 4 million units.
  D) 5 million units.


Anonymous

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

TRUE

Answer to Question 2

C


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Marty

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Reply #2 on: Jun 29, 2018
Thank you


Anonymous

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Reply #3 on: Jun 29, 2018
No problemo


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