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Author Question: Suppose a single firm supplies all the ceramic windlasses in the U.S. The demand curve that firm ... (Read 38 times)

nramada

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  • Posts: 580
on: Jun 30, 2018
Suppose a single firm supplies all the ceramic windlasses in the U.S. The demand curve that firm faces is
 a. elastic everywhere
  b. unit elastic everywhere
  c. inelastic everywhere
  d. perfectly inelastic everywhere
  e. elastic at the profit-maximizing quantity

Question 2

Compared to the profit-maximizing outcome, marginal cost pricing in natural monopoly leads to
 a. reduced demand
  b. higher price
  c. reduced consumer surplus
  d. more economic profit
  e. greater output


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medine

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

E

Answer to Question 2

E


nramada

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  • Posts: 580
Reply 2 on: Jun 30, 2018
Gracias!

phuda

  • Member
  • Posts: 348
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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