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Author Question: The demand curve for the output of a perfectly competitive firm is a. perfectly inelastic b. ... (Read 35 times)

fnuegbu

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on: Jun 30, 2018
The demand curve for the output of a perfectly competitive firm is
 a. perfectly inelastic
  b. perfectly elastic
  c. unit elastic
  d. downward sloping
  e. nonlinear

Question 2

A natural monopoly results when a firm has
 a. a license
  b. a patent
  c. official approval to produce a product
  d. decreasing average costs over the range of market demand
  e. exclusive use of a natural resource


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josephsuarez

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

B

Answer to Question 2

D


fnuegbu

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  • Posts: 539
Reply 2 on: Jun 30, 2018
Excellent

Sarahjh

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

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