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Author Question: Which of the following falsely describes a nondiscriminating monopolist at profit maximization? a. ... (Read 58 times)

fnuegbu

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on: Jun 30, 2018
Which of the following falsely describes a nondiscriminating monopolist at profit maximization?
 a. Price is greater than marginal cost.
  b. Economic profit is always positive.
  c. Marginal revenue is equal to marginal cost.
  d. Marginal revenue will typically be less than price.
  e. Average total cost will not be at a minimum.

Question 2

Between 1958 and 2000 . competition in the US has remained relatively constant.
 a. True
  b. False


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lcapri7

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

B

Answer to Question 2

B


fnuegbu

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

nanny

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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