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Author Question: When a firm's demand curve is tangent to its average total cost curve: a. the firm must be ... (Read 78 times)

NClaborn

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on: Jun 30, 2018
When a firm's demand curve is tangent to its average total cost curve:
 a. the firm must be operating in a monopolistically competitive market.
  b. economic profits are zero.
 c. the firm must be earning economic profits.
 d. the firm must be incurring economic losses.

Question 2

Fixed exchange rates serve as a constraint on inflationary government policies.
 a. True
  b. False
  Indicate whether the statement is true or false


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frogdreck123456

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

True


NClaborn

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Reply 2 on: Jun 30, 2018
Excellent

bimper21

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

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