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Author Question: If the export supply curve and the import demand curve of tomatoes of Luxembourg intersect at the ... (Read 112 times)

a0266361136

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on: Jun 30, 2018
If the export supply curve and the import demand curve of tomatoes of Luxembourg intersect at the international price level of tomatoes, then Luxembourg will suspend trading tomatoes in the international market.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following faces a horizontal demand curve?
 a. A monopolistic firm
  b. An oligopolistic firm
  c. A perfectly competitive firm
  d. A monopolistically competitive firm
  e. A monopsonist firm


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kardosa007

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

False

Answer to Question 2

c


a0266361136

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  • Posts: 538
Reply 2 on: Jun 30, 2018
Excellent

ashely1112

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

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