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Author Question: Suppose a monopolist has costs such that when output is 1,000 units per hour, average cost is $5. If ... (Read 14 times)

vHAUNG6011

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on: Jul 21, 2019
Suppose a monopolist has costs such that when output is 1,000 units per hour, average cost is $5. If the monopolist is regulated by a policy of average-cost pricing, the monopolist will charge a price of:
◦ $5 only if the quantity demanded is 1,000 units per hour at a price of $5.
◦ $5 only if the quantity demanded is less than 1,000 units per hour at a price of $5.
◦ $5 only if the quantity demanded is greater than 1,000 units at a price of $5.
◦ $5.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by vHAUNG6011 on Jul 21, 2019

Kingjoffery

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Reply #1 on: Jul 21, 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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vHAUNG6011

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Reply 2 on: Jul 21, 2019
Excellent

sailorcrescent

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

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