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Author Question: With average cost pricing, the monopolist A) earns no accounting profit. B) produces where P = ... (Read 50 times)

cool

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on: Jun 29, 2018
With average cost pricing, the monopolist
 
  A) earns no accounting profit.
  B) produces where P = MC.
  C) earns a normal rate of return for its shareholders.
  D) does not cover opportunity costs.

Question 2

A characteristic of a public good is
 
  A) rival consumption.
  B) the exclusion principle.
  C) the free-rider problem.
  D) clear property rights.


fur

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


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