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Author Question: In the long run, the output of a monopolistically competitive firm a. exceeds that of an otherwise ... (Read 26 times)

genevieve1028

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  • Posts: 601
on: Jun 30, 2018
In the long run, the output of a monopolistically competitive firm
 a. exceeds that of an otherwise similar perfectly competitive firm
  b. is less than that of an otherwise similar perfectly competitive firm
  c. is at the point at which LRAC is minimized
  d. equals that of an otherwise similar perfectly competitive firm
  e. is less than that of an otherwise similar monopolist

Question 2

When the government increases taxes to provide traditional public goods, such as national security, there tends to be
 a. widespread benefits and costs
  b. widespread costs and concentrated benefits
  c. concentrated benefits and costs
  d. widespread benefits and concentrated costs
  e. widespread costs and either widespread or concentrated benefits


hramirez205

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  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


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