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Author Question: The figure above shows that monopoly is ________ because it produces a level of output at which ... (Read 65 times)

jon_i

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The figure above shows that monopoly is ________ because it produces a level of output at which ________.
 
  A) inefficient; marginal benefit equals marginal cost
  B) efficient; marginal benefit equals marginal cost
  C) efficient; marginal benefit exceeds marginal cost
  D) inefficient; marginal benefit exceeds marginal cost
  E) efficient; producer surplus is maximized

Question 2

The market process will likely fail to fully coordinate supply and demand if transaction costs are
 
  A) non-existent.
  B) significant.
  C) locally perverse.
  D) inconsequential.



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covalentbond

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Answer to Question 1

D

Answer to Question 2

B




jon_i

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


xiazhe

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Reply 3 on: Yesterday
:D TYSM

 

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