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Author Question: For a perfectly competitive firm, a. P = AR at all levels of output b. P = AR at the ... (Read 53 times)

B

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on: Jun 30, 2018
For a perfectly competitive firm,
 a. P = AR at all levels of output
  b. P = AR at the profit-maximizing quantity only
  c. P > AR at all levels of output
  d. P < AR at the profit-maximizing quantity only
  e. P < AR at all levels of output

Question 2

For a nondiscriminating monopolist, describe the relationship between market price (P), average revenue (AR), and marginal revenue (MR).
 a. P = AR = MR
  b. P > AR = MR
  c. P = AR > MR
  d. P > AR > MR
  e. P = AR < MR


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Jordin Calloway

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

A

Answer to Question 2

C


B

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

abro1885

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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