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Author Question: Two doctors are the only veterinarians in town. These vets operate in ________ and can ________. (Read 175 times)

sammy

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on: May 24, 2019
Two doctors are the only veterinarians in town. These vets operate in ________ and can ________.
◦ an oligopoly; increase production to achieve economies of scale
◦ a natural monopoly; eliminate excess capacity by decreasing their production
◦ a duopoly; form an cartel to increase their profits (even though this would be illegal)
◦ duopoly; increase consumer surplus by forming a cartel (even though this would be illegal)
◦ a duopoly; decrease the deadweight loss in the market by forming a cartel (even though this would be illegal)
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by sammy on May 24, 2019

brittanywood

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Reply #1 on: May 24, 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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sammy

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

Liamb2179

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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