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Author Question: Which of the following would most likely be provided by a natural monopoly? A) Michigan Radio is ... (Read 56 times)

j.rubin

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on: Jun 29, 2018
Which of the following would most likely be provided by a natural monopoly?
 
  A) Michigan Radio is the state's most listened-to public radio service.
  B) Sirius Satellite Radio is accessed through a subscription.
  C) X96 is an alternative radio station out of Salt Lake City.
  D) a Mariah Carey CD

Question 2

In monopolistic competition, in the long run firms have
 
  A) a capacity shortage.
  B) excess capacity.
  C) an economic profit.
  D) an economic loss.


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aburgess

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

B

Answer to Question 2

B


j.rubin

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Reply 2 on: Jun 29, 2018
Gracias!

epscape

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

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