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Author Question: An increase in the cost of lumbering activities will: a. increase the quantity of wood supplied to ... (Read 57 times)

Jkov05

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  • Posts: 556
on: Jun 30, 2018
An increase in the cost of lumbering activities will:
 a. increase the quantity of wood supplied to the furniture market.
  b. decrease the quantity of wood supplied to the furniture market.
  c. decrease the supply of wood to the furniture market.
  d. increase the supply of wood to the furniture market.

Question 2

Firms under perfect competition produce:
 a. homogeneous products.
  b. unique products.
  c. either standardized or differentiated products.
  d. differentiated products.
  e. antique products.


covalentbond

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  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

a


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