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Author Question: A profit-maximizing monopolist A) is guaranteed to lose money because of a lack of competition. ... (Read 23 times)

cnetterville

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A profit-maximizing monopolist
 
  A) is guaranteed to lose money because of a lack of competition.
  B) is not guaranteed to make a positive profit.
  C) is guaranteed to make a positive profit, hence the desire to be a monopolist.
  D) is guaranteed to make a non-negative profit, otherwise government would step in to assist.

Question 2

Many used car owners and used car dealers describe their different cars for sale in the local newspapers and list their asking price. Many people shopping for a used car consider the different choices listed in the paper. The market for used cars could be described as
 
  A) relatively competitive.
  B) perfectly competitive.
  C) non-competitive.
  D) having high transaction costs.


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hramirez205

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cnetterville

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


parker125

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Reply 3 on: Yesterday
Gracias!

 

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