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Author Question: A natural monopoly exists when one large firm can produce a product at a lower per unit cost than ... (Read 43 times)

jhjkgdfhk

  • Hero Member
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  • Posts: 569
on: Jun 30, 2018
A natural monopoly exists when one large firm can produce a product at a lower per unit cost than can smaller firms.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If a laborer in Mexico can produce 2 bushels of wheat or 4 bushels of corn in a day, the opportunity cost of producing wheat is 4 bushels of corn.
 a. True
  b. False
  Indicate whether the statement is true or false


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cclemon1

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

True

Answer to Question 2

False


jhjkgdfhk

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  • Posts: 569
Reply 2 on: Jun 30, 2018
Gracias!

mcabuhat

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Reply 3 on: Yesterday
Excellent

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