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Author Question: To calculate the point elasticity of demand, a manager must know A) where the supply curve ... (Read 68 times)

anshika

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on: Jul 1, 2018
To calculate the point elasticity of demand, a manager must know
 
  A) where the supply curve intersects the demand curve.
  B) two points on the demand curve.
  C) information about the entire demand curve.
  D) whether or not the demand curve is linear.

Question 2

In which of the following market structures with 2 identical firms do both firms produce more than the Cournot outcome?
 
  A) Stackelberg Oligopoly
  B) Cartel
  C) Perfect Competition
  D) None of the above.


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tofugiraffe

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

C

Answer to Question 2

C


anshika

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

gcook

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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