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Author Question: Price elasticity of demand is the sole determinant of profit for a firm. a. True b. False ... (Read 48 times)

audragclark

  • Hero Member
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  • Posts: 579
on: Jun 30, 2018
Price elasticity of demand is the sole determinant of profit for a firm.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Diseconomies of scale are most likely at very low levels of output.
 a. True
  b. False
  Indicate whether the statement is true or false


connor417

  • Sr. Member
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  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

False


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