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Author Question: Marginal analysis involves undertaking an activity A) only if its marginal costs are greater than ... (Read 57 times)

mia

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on: Jun 29, 2018
Marginal analysis involves undertaking an activity
 
  A) only if its marginal costs are greater than its marginal benefits.
  B) until its marginal costs start declining.
  C) until its marginal benefits equal marginal costs.
  D) only when its marginal benefits are positive.

Question 2

What are the assumptions of a pure monopoly?
 
  What will be an ideal response?
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macybarnes

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

C

Answer to Question 2

One producer, no close substitutes, barriers to entry.


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