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Author Question: A firm that is a price taker: a. competes with other producers who produce differentiated products. ... (Read 92 times)

abc

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on: Jun 30, 2018
A firm that is a price taker:
 a. competes with other producers who produce differentiated products.
 b. must be a relatively large producer compared to other firms in the market.
 c. can exert a major influence on the overall market.
 d. will lose all sales if it prices its product in excess of the market equilibrium price.

Question 2

Anything that affects the marginal revenue product of a nonrenewable resource will affect the demand for that resource.
 a. True
  b. False
  Indicate whether the statement is true or false


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JYan

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

d

Answer to Question 2

True


abc

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

bdobbins

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

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