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Author Question: If a monopoly discovers that the demand for its output has become more elastic at the original ... (Read 41 times)

Yolanda

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on: Jul 1, 2018
If a monopoly discovers that the demand for its output has become more elastic at the original output level, then it will respond by
 
  A) producing more and setting a higher price.
  B) setting a lower price.
  C) setting a higher price.
  D) producing more while leaving price unchanged.

Question 2

If a competitive firm maximizes short-run profits by producing some quantity of output, which of the following must be TRUE at that level of output?
 
  A) p > MC
  B) MR > MC
  C) p  AVC
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
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hanadaa

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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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Yolanda

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

amandalm

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Reply 3 on: Yesterday
Excellent

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