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Author Question: A perfectly competitive firm produces so that its marginal cost equals the price. Indicate ... (Read 191 times)

Zulu123

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A perfectly competitive firm produces so that its marginal cost equals the price.
 
  Indicate whether the statement is true or false

Question 2

Under an average cost pricing rule, a regulated natural monopoly ________ and there is ________.
 
  A) makes an economic profit; a deadweight loss
  B) makes zero economic profit; no deadweight loss
  C) makes zero economic profit; a deadweight loss.
  D) incurs an economic loss; no deadweight loss



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stano32

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Answer to Question 1

TRUE

Answer to Question 2

C




Zulu123

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


jomama

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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