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Author Question: Which of the following products witnessed a high growth in the number of producers within a few ... (Read 15 times)

ts19998

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  • Posts: 531
on: Jun 30, 2018
Which of the following products witnessed a high growth in the number of producers within a few years of market introduction, but was followed by a fast and substantial shakeout?
 a. Tortilla
  b. Penicillin
  c. Livestock
  d. Fastfood

Question 2

Under perfect competition, the average revenue curve of the firm coincides with its average cost curve.
 a. True
  b. False
  Indicate whether the statement is true or false


chinwesucks

  • Sr. Member
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  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

False


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