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Author Question: Monopolistically competitive firms face downward-sloping residual demand curves because these firms ... (Read 97 times)

sjones

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on: Jul 1, 2018
Monopolistically competitive firms face downward-sloping residual demand curves because these firms
 
  A) have relatively few rivals (compared to competition).
  B) sell differentiated products.
  C) A and/or B.
  D) None of the above.

Question 2

If the supply of labor to a monopsonist is everywhere unit elastic, and the marginal expenditure equals 1, then the wage will equal
 
  A) 0.50.
  B) 0.75.
  C) 1.00.
  D) 2.00.
Microeconomics ¦ Perloff ¦ 8th Edition
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Andromeda18

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sjones

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

bitingbit

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

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