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Author Question: A regulated monopoly facing average cost pricing rule will make the same profit as a firm in ... (Read 89 times)

Jipu 123

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on: Jun 29, 2018
A regulated monopoly facing average cost pricing rule will make the same profit as a firm in ________ market does in the long run.
 
  A) an unregulated monopoly
  B) an oligopoly
  C) a perfectly competitive
  D) All of the above answers are correct.

Question 2

You are studying with a friend and your friend says A budget line shows the various combinations of two goods that can be purchased with the buyer's income at current prices. Is your friend's assessment correct or not?
 
  What will be an ideal response?


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peter

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

C

Answer to Question 2

Your friend's description of the budget line is accurate.


Jipu 123

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

tkempin

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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