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Author Question: Under perfect price discrimination, marginal profit at each level of output equal A) 0. B) P - ... (Read 48 times)

skymedlock

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on: Jul 1, 2018
Under perfect price discrimination, marginal profit at each level of output equal
 
  A) 0.
  B) P - AC.
  C) P - MC.
  D) P - AR.

Question 2

Refer to Figure 9.3. If the government establishes a price ceiling of 1.00, how many pounds of berries will be sold?
 
  A) 200
  B) 300
  C) 400
  D) 600
  E) 800


leeeep

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


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