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Author Question: Pure economic profit must be at a maximum for a monopolist who has a level of output in which total ... (Read 81 times)

asd123

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on: Jun 30, 2018
Pure economic profit must be at a maximum for a monopolist who has a level of output in which total revenue is at a maximum.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The substitution effect is the concept that changes in consumption of a good result from changes in the relative price of a jointly consumed good.
 a. True
  b. False
  Indicate whether the statement is true or false


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covalentbond

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

False

Answer to Question 2

False


asd123

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

mcabuhat

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Reply 3 on: Yesterday
:D TYSM

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