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Author Question: The figure above shows a monopolistically competitive firm in the short run. During the transition ... (Read 80 times)

HCHenry

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on: Jun 29, 2018
The figure above shows a monopolistically competitive firm in the short run. During the transition to the long run, the demand curve will shift ________ and the MR curve will shift ________.
 
  A) leftward; leftward
  B) leftward; rightward
  C) rightward; leftward
  D) rightward; rightward

Question 2

Governments often intervene in agricultural markets by
 
  A) granting subsidies.
  B) setting production quotas that will increase production.
  C) setting price floors that reduce prices for buyers.
  D) imposing heavy taxes on farm products.


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juiceman1987

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

A

Answer to Question 2

A


HCHenry

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Reply 2 on: Jun 29, 2018
Excellent

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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