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Author Question: Which of the following models results in the greatest total profit, assuming a fixed number of firms ... (Read 136 times)

HudsonKB16

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on: Jul 1, 2018
Which of the following models results in the greatest total profit, assuming a fixed number of firms with identical costs and a given demand curve?
 
  A) Cournot
  B) Stackelberg
  C) Monopoly
  D) Perfect competition

Question 2

Firm A is a monopoly. The demand for its output is p = 90 - Q. Production is such that Q = L. Firm A hires only unionized labor. The marginal cost to the union is 10 per unit of labor. The union will sell
 
  A) 20 units of labor at a wage of 10.
  B) 20 units of labor at a wage of 40.
  C) 20 units of labor at a wage of 50.
  D) 20 units of labor at a wage of 70.
Microeconomics ¦ Perloff ¦ 8th Edition
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tdewitt

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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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HudsonKB16

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

pratush dev

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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