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Author Question: Which of the following goods is best described as being sold in a monopolistically competitive ... (Read 18 times)

laurencescou

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on: Jun 29, 2018
Which of the following goods is best described as being sold in a monopolistically competitive market?
 
  A) automobiles
  B) wheat
  C) fast food
  D) postage stamps

Question 2

In the table above, if the wage rate is 12.00 per hour, the profit-maximizing number of workers is
 
  A) 2.
  B) 3.
  C) 4.
  D) 5.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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amanda_14

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

C

Answer to Question 2

B


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