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Author Question: For a perfectly competitive firm, marginal revenue is identical to marginal cost at every quantity. ... (Read 46 times)

folubunmi

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on: Jun 30, 2018
For a perfectly competitive firm, marginal revenue is identical to marginal cost at every quantity.
 a. True
  b. False

Question 2

On a graph, to determine the price a profit-maximizing monopolist would charge, find the quantity at which MC and MR intersect and read up to the demand curve.
 a. True
  b. False


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otokexnaru

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

B

Answer to Question 2

A


folubunmi

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

emsimon14

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Reply 3 on: Yesterday
Wow, this really help

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