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Author Question: Refer to Figure 16-6. If Sensei acts as a monopolist and charges the profit-maximizing price, what ... (Read 51 times)

burton19126

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on: Jun 29, 2018
Refer to Figure 16-6. If Sensei acts as a monopolist and charges the profit-maximizing price, what is his producer surplus?
 
  A) the area A + C + H B) the area A + B + C + D + H + G
  C) the area B + D + G D) the area C + D + H + G

Question 2

A supply shock causes the long-run aggregate supply curve to shift left, decreasing the price level.
 
  Indicate whether the statement is true or false


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vkodali

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

D

Answer to Question 2

FALSE


burton19126

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Reply #2 on: Jun 29, 2018
Correct answers!


vkodali

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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