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Author Question: Monopoly output is relatively lower than a competitive market output as resources remain unutilized ... (Read 86 times)

mpobi80

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on: Jun 30, 2018
Monopoly output is relatively lower than a competitive market output as resources remain unutilized under the former.
  Indicate whether the statement is true or false

Question 2

A firm will shut down permanently if total revenue is not sufficient to pay for total costs in the long run.
 a. True
  b. False
  Indicate whether the statement is true or false


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nyrave

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

T

Answer to Question 2

True


mpobi80

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Reply 2 on: Jun 30, 2018
Excellent

Liamb2179

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

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