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Author Question: Easy entry and exit cause oligopoly profits to be zero in the long run. a. True b. False Indicate ... (Read 92 times)

appyboo

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on: Jun 30, 2018
Easy entry and exit cause oligopoly profits to be zero in the long run.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Marginal cost is defined as the increase in total cost resulting from an increase in:
 a. one unit of output.
  b. output of 100 units.
  c. a firm's plant size.
  d. one unit of labor.


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shaikhs

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

False

Answer to Question 2

a


appyboo

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Reply #2 on: Jun 30, 2018
Correct answers!


shaikhs

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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