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Author Question: What is true at the profit-maximizing quantity for a nondiscriminating monopolist but not true of a ... (Read 86 times)

jwb375

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on: Jun 30, 2018
What is true at the profit-maximizing quantity for a nondiscriminating monopolist but not true of a perfectly competitive firm?
 a. Price equals marginal cost.
  b. Price is greater than marginal cost.
  c. Marginal revenue equals marginal cost.
  d. Marginal revenue is less than marginal cost.
  e. Marginal revenue is greater than average revenue.

Question 2

The Sherman Act
 a. prohibited restraint of trade
  b. created the Federal Trade Commission
  c. prohibited fraudulent advertising
  d. regulated the railroads
  e. exempted insurance companies from antitrust law


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ju

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

B

Answer to Question 2

A


jwb375

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Reply #2 on: Jun 30, 2018
Thank you :)


ju

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Reply #3 on: Jun 30, 2018
Happy to help you


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