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Author Question: A profit-maximizing monopolist produces an output level that is allocatively inefficient because a. ... (Read 157 times)

mckennatimberlake

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on: Jun 30, 2018
A profit-maximizing monopolist produces an output level that is allocatively inefficient because
 a. price is greater than marginal cost
  b. price is less than marginal cost
  c. marginal revenue is greater than marginal cost
  d. marginal revenue is less than marginal cost
  e. consumers wish to purchase all that is produced

Question 2

Which of the following is not prohibited by the Clayton Act, even if it reduces competition?
 a. merger accomplished through the acquisition of another firm's stock
  b. merger accomplished through the acquisition of another firm's assets
  c. price discrimination that cannot be justified on the basis of cost differences
  d. exclusive dealing contracts
  e. interlocking directorates


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Jody Vaughn

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

A

Answer to Question 2

B


mckennatimberlake

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

aliotak

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Reply 3 on: Yesterday
Excellent

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