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Author Question: In the long run, a monopolistically competitive firm A) earns zero economic profit. B) produces ... (Read 56 times)

Lisaclaire

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In the long run, a monopolistically competitive firm
 
  A) earns zero economic profit.
  B) produces at minimum average cost.
  C) operates at full capacity.
  D) All of the above.

Question 2

Which of the following would be most able to act like a monopsonist?
 
  A) a hospital in a small isolated town
  B) a hospital in a very big city
  C) a law firm in Washington, D.C.
  D) a computer software firm in Silicon Valley


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bbburns21

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Lisaclaire

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


Liddy

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Reply 3 on: Yesterday
Wow, this really help

 

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