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Author Question: When an industry is monopolized, the move from a competitive environment to a monopoly leads to a ... (Read 28 times)

Destiiny22

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on: Apr 19, 2019

Question 1

One source of inefficiency associated with monopolies stems from their insulation from competition and thus reduced incentive to cut costs and innovate.


◦ true
◦ false

Question 2

When an industry is monopolized, the move from a competitive environment to a monopoly leads to a decrease in consumer surplus and an increase in industry profits in a one-to-one ratio.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Destiiny22 on Apr 19, 2019

rnehls

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Reply #1 on: Apr 19, 2019
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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Destiiny22

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Reply #2 on: Apr 19, 2019
Thank you!


rnehls

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Reply #3 on: Apr 19, 2019
Always glad to help...


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