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Author Question: The Lorenz curve graphs the A) cumulative percentage of spending against the cumulative ... (Read 102 times)

JMatthes

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on: Jun 29, 2018
The Lorenz curve graphs the
 
  A) cumulative percentage of spending against the cumulative percentage of households.
  B) marginal percentage of income against the marginal percentage of households.
  C) cumulative percentage of income against the cumulative percentage of households.
  D) cumulative percentage of spending against the marginal percentage of households.

Question 2

If firms in a duopoly can successfully collude
 
  A) each firm can earn an economic profit.
  B) the industry, that is, both firms taken together, can earn the maximum economic profit.
  C) the firms achieve a cooperative equilibrium.
  D) All of the above answers are true.


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frogdreck123456

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

C

Answer to Question 2

D


JMatthes

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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
Great answer, keep it coming :)

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