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Author Question: Use the following figure depicting demand, marginal revenue and marginal cost to answer the ... (Read 76 times)

BSITTON

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on: Oct 12, 2022

Question 1

Consider two firms, A and B, that are producing the same product but with different average costs. Economists say this situation reflects a problem of
◦ unemployed resources.
◦ allocative inefficiency.
◦ economic inefficiency.
◦ productive inefficiency.
◦ Not necessarily any of the above.

Question 2

Use the following figure depicting demand, marginal revenue and marginal cost to answer the following question.



FIGURE 12-5

Refer to Figure 12-5. The diagram represents a monopoly. The equilibrium price is


◦ $120.
◦ $160.
◦ $140.
◦ $180.
◦ more than $180.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by BSITTON on Oct 12, 2022

khudija

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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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BSITTON

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

irishcancer18

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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