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Author Question: Refer to the figure above. If the average cost faced by the monopolist when it produces and sells ... (Read 59 times)

dalyningkenk

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on: Jun 29, 2018
Refer to the figure above. If the average cost faced by the monopolist when it produces and sells the optimal output is 4, ________.
 
  A) it makes a loss of 60
  B) it makes a loss of 120
  C) it makes a profit of 60
  D) it makes a profit of 90

Question 2

According to your authors, America's Great Depression of the 1930s was evidence of
 
  A) an unstable free market system
  B) rampant greed among entrepreneurs.
  C) a cluster or accumulation of errors.
  D) antagonistic interests among the propertied and nonpropertied classes.
  E) all of the above.


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Jbrasil

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

C

Answer to Question 2

C


dalyningkenk

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

Bigfoot1984

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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