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Author Question: Sam Edison obtains a patent on his new invention: trinoculars. In the long run, a. he can earn only ... (Read 86 times)

Metfan725

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on: Jun 30, 2018
Sam Edison obtains a patent on his new invention: trinoculars. In the long run,
 a. he can earn only a normal profit
  b. he may suffer an economic loss and stop producing
  c. his monopoly power guarantees him a positive economic profit
  d. he will achieve productive efficiency
  e. he will achieve allocative efficiency

Question 2

Price discrimination that substantially lessens competition is prohibited by the Clayton Act.
 a. True
  b. False


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Mochi

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

B

Answer to Question 2

A


Metfan725

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

6ana001

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Reply 3 on: Yesterday
Excellent

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