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Author Question: When there are external costs of production, such as when electric utilities burn coal, a ... (Read 25 times)

SGallaher96

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on: Jun 29, 2018
When there are external costs of production, such as when electric utilities burn coal, a competitive market will produce an inefficient level of output.
 
  Indicate whether the statement is true or false

Question 2

Price discrimination
 
  A) eliminates the producer surplus.
  B) turns consumer surplus into producer surplus.
  C) decreases output below the profit-maximizing level.
  D) lowers a monopoly's economic profit.


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tuwy

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

TRUE

Answer to Question 2

B


SGallaher96

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

kusterl

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Reply 3 on: Yesterday
Wow, this really help

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