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Author Question: Which of the following falsely describes a nondiscriminating monopolist at profit maximization? a. ... (Read 33 times)

fnuegbu

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Which of the following falsely describes a nondiscriminating monopolist at profit maximization?
 a. Price is greater than marginal cost.
  b. Economic profit is always positive.
  c. Marginal revenue is equal to marginal cost.
  d. Marginal revenue will typically be less than price.
  e. Average total cost will not be at a minimum.

Question 2

Between 1958 and 2000 . competition in the US has remained relatively constant.
 a. True
  b. False



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lcapri7

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Answer to Question 1

B

Answer to Question 2

B




fnuegbu

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Reply 2 on: Jun 30, 2018
Excellent


amit

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Reply 3 on: Yesterday
Wow, this really help

 

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