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Author Question: 'Average cost pricing', is the term used to describe the situation when a firm (Read 116 times)

lracut11

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on: May 25, 2020

Question 1

The following diagram shows the AR and MR curves for a price-discriminating monopolist selling the same product in two different markets (1 and 2).



The overall profit-maximising level of output for the firm would be at
◦ A.
◦ B.
◦ C.
◦ D.
◦ E.

Question 2

'Average cost pricing', is the term used to describe the situation when a firm
◦ adds a percentage mark-up to the average cost of production.
◦ follows the prices of the dominant firm in the industry.
◦ follows the prices of the average firm in the industry.
◦ charges customers a price equal to average cost, rather than marginal cost.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by lracut11 on May 25, 2020

fatboyy09

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Reply #1 on: May 25, 2020
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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lracut11

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

amandanbreshears

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Reply 3 on: Yesterday
Excellent

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