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Author Question: If Country A opens up their corn market to trade with the rest of the world and the global price of ... (Read 54 times)

stock

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on: Jun 29, 2018
If Country A opens up their corn market to trade with the rest of the world and the global price of corn is higher than the equilibrium price of corn in Country A, then Country A will ________ corn, which will ________ consumer surplus, ________
 
  producer surplus, and ________ total surplus. A) import; increase; decrease; increase
  B) import; decrease; increase; increase
  C) export; increase; decrease; increase
  D) export; decrease; increase; increase
  E) export; decrease; increase; decrease

Question 2

A monopoly can set any price it wants. So why does it still produce at a point where MR = MC, just like a perfectly competitive firm?
 
  What will be an ideal response?
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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bobsmith

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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stock

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

jojobee318

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

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