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Author Question: Suppose the technology of an industry is such that the typical firm's minimum efficient scale is ... (Read 31 times)

bubba123

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on: Oct 12, 2022

Question 1

The table below shows the demand schedule for a product produced by a single-price monopolist.

PriceQuantity
Demanded
$8 5
$7 6
$6 7
$5 8
$4 9
$310
$211

TABLE 10-1

Refer to Table 10-1. For a single-price monopolist producing and selling 9 units, the marginal revenue earned by selling the 9th unit is
◦ -4.
◦ -2.
◦ 0.
◦ 2.
◦ 4.

Question 2

Suppose the technology of an industry is such that the typical firm's minimum efficient scale is 8000 units per month at an average long-run cost of $5 per unit. If the total quantity demanded at a price of $5 per unit is 8500 units per month, the likely result would be
◦ a concentrated oligopoly.
◦ a natural monopoly.
◦ perfectly competitive firms.
◦ a cartel.
◦ price discrimination.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by bubba123 on Oct 12, 2022

psuniv

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Reply #1 on: Oct 12, 2022
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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bubba123

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

diana chang

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

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