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Author Question: Based on the data in the above table, the table shows a market for a good with A) an external ... (Read 53 times)

NClaborn

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on: Jun 29, 2018
Based on the data in the above table, the table shows a market for a good with
 
  A) an external cost.
  B) an external benefit.
  C) a mixed externality.
  D) no externalities.

Question 2

At a monopolistically competitive firm's current level of product development, marginal revenue of product development is greater than its marginal cost. The firm will ________.
 
  A) sell only new products
  B) increase product development only if the consumer benefits
  C) decrease product development
  D) increase product development


JYan

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

A

Answer to Question 2

D


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