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Author Question: The pricing rule for a monopolist is: A) P = MR > MC. B) P > MR > MC. C) P = MR = MC. ... (Read 53 times)

Capo

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on: Jun 29, 2018
The pricing rule for a monopolist is:
 
  A) P = MR > MC.
  B) P > MR > MC.
  C) P = MR = MC.
  D) P > MR = MC.

Question 2

Which of the following statements is true of price makers?
 
  A) The supply curve of price makers is downward sloping.
  B) The demand curve that price makers face is upward sloping.
  C) Price makers set the price of a good after they determine how much to produce.
  D) Price makers determine how much to produce after they set the price of a good.


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micaelaswann

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

D

Answer to Question 2

C


Capo

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

ttt030911

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Reply 3 on: Yesterday
Wow, this really help

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