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Author Question: If there are 2 identical firms in a market that choose the quantity they produce, total welfare is ... (Read 105 times)

soccerdreamer_17

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on: Jul 1, 2018
If there are 2 identical firms in a market that choose the quantity they produce, total welfare is the highest when there is a cartel.
 
  Indicate whether the statement is true or false

Question 2

The demand for a monopoly's output is p = 50 - Q. The monopoly's marginal cost is 4 and the market wage is 2. How many units of labor are demanded by the monopoly?
 
  A) L = 46
  B) L = 23
  C) L = 0
  D) L = 10
Microeconomics ¦ Perloff ¦ 8th Edition
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ntsoane kedibone

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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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soccerdreamer_17

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

vickybb89

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Reply 3 on: Yesterday
Excellent

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