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Author Question: Two identical firms that share a market and produce a homogenous good will find the Bertrand ... (Read 72 times)

Brittanyd9008

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on: Jul 1, 2018
Two identical firms that share a market and produce a homogenous good will find the Bertrand Oligopoly LEAST attractive because
 
  A) Cartels generate the highest joint profit.
  B) a Cournot Oligopoly will generate more profit than a Bertrand Oligopoly.
  C) they want to avoid a price war that leads to profit erosion and P = MC.
  D) All of the above.

Question 2

A monopsonist faces an upward-sloping labor supply curve. This means that his marginal expenditures on labor are
 
  A) greater than the wage.
  B) equal to the wage plus the increase in the wage resulting from hiring one more unit of labor hired.
  C) greater than the wage because hiring more workers requires to pay all workers more.
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
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sailorcrescent

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Brittanyd9008

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

upturnedfurball

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Reply 3 on: Yesterday
:D TYSM

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