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Author Question: Common property can lead to market failure. Indicate whether the statement is true or ... (Read 51 times)

bclement10

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on: Jun 30, 2018
Common property can lead to market failure.
  Indicate whether the statement is true or false

Question 2

Equilibrium price and quantity for a collusive oligopoly are determined according to the intersection of the ____ curve and the horizontal sum of the short-run ____ curves for the oligopolists.
 a. total revenue; total cost
 b. marginal revenue; marginal cost
 c. average revenue; average cost
 d. marginal revenue; average total cost


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cpetit11

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


bclement10

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

coreycathey

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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