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Author Question: A perfectly competitive firm produces so that its marginal cost equals the price. Indicate ... (Read 206 times)

Zulu123

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

TRUE

Answer to Question 2

C


Zulu123

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

abro1885

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Reply 3 on: Yesterday
Excellent

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