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Author Question: In perfect competition, all the following situations arise except ________. A. firms produce an ... (Read 40 times)

tichca

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on: Jun 29, 2018
In perfect competition, all the following situations arise except ________.
 
  A. firms produce an identical good or service
  B. each firm chooses the price at which to sell the good it produces
  C. firms can sell any quantity they choose to produce at the market price
  D. buyers know each seller's price

Question 2

Consumers are willing to purchase a product up to the point where
 
  A) the marginal benefit of consuming the product equals the area below the supply curve and above the market price.
  B) the marginal benefit of consuming a product is equal to its price.
  C) the marginal benefit of consuming the product is equal to the marginal cost of consuming it.
  D) the consumer surplus is equal to the producer surplus.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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poopface

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Reply #1 on: Jun 29, 2018
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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tichca

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

softEldritch

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Reply 3 on: Yesterday
Excellent

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