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Author Question: Which of the following is not a criticism of monopolies? a. They restrict output. b. They set ... (Read 16 times)

maychende

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on: Jun 30, 2018
Which of the following is not a criticism of monopolies?
 a. They restrict output.
  b. They set price above the perfectly competitive level.
  c. They tend to be less innovative than firms in a competitive market.
  d. They exert a disproportionate amount of political influence.
  e. They reduce allocative efficiency through perfect price discrimination.

Question 2

For a perfectly competitive firm, price is identical to marginal revenue at every quantity.
 a. True
  b. False


anyusername12131

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

E

Answer to Question 2

A


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