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Author Question: In the scenario above, the market is A) a natural duopoly. B) a natural oligopoly with three ... (Read 70 times)

lak

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on: Jun 29, 2018
In the scenario above, the market is
 
  A) a natural duopoly.
  B) a natural oligopoly with three firms.
  C) a natural monopoly.
  D) monopolistically competitive.

Question 2

The figure illustrates the market for bagels. If the number of bagels is increased from 20 to 30 an hour, consumer surplus plus producer surplus ________ and deadweight loss is ________.
 
  A) decreases; negative
  B) decreases; positive
  C) increases; positive
  D) increases; negative


macagn

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

A

Answer to Question 2

B


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