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Author Question: A monopoly firm expands its output and lowers its price. The firm finds that its total revenue ... (Read 67 times)

mpobi80

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on: Jun 29, 2018
A monopoly firm expands its output and lowers its price. The firm finds that its total revenue falls. Hence, the firm is producing in the
 
  A) elastic range of its demand curve.
  B) inelastic range of its demand curve.
  C) elastic range of its supply curve.
  D) inelastic range of its supply curve.

Question 2

Owners of ________ have unlimited liability.
 
  A) partnerships and corporations
  B) corporations
  C) proprietorships and partnerships
  D) partnerships, proprietorships, and corporations


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Swizqar

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

B

Answer to Question 2

C


mpobi80

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Reply #2 on: Jun 29, 2018
Correct answers!


Swizqar

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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