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Author Question: In long-run equilibrium, all firms in a pure competition market situation operating under a ... (Read 68 times)

Yolanda

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on: Jul 1, 2018
In long-run equilibrium, all firms in a pure competition market situation operating under a condition of certainty will have identical costs even though they may use different production and operation techniques.
 a. true b. false

Question 2

Vertical integration often aims to
 a. Prevent the retailers from defeating upstream price discrimination through arbitrage
  b. Avoid paying higher taxes
 c. Serve as a signal of the manufacturer's belief of the likely success of his product
  d. All of the above


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ErinKing

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


Yolanda

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

lcapri7

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Reply 3 on: Yesterday
Wow, this really help

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