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Author Question: If a monopoly's Lerner Index exceeds 1, then A) it is earning maximum profit. B) it has ultimate ... (Read 91 times)

leilurhhh

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on: Jul 1, 2018
If a monopoly's Lerner Index exceeds 1, then
 
  A) it is earning maximum profit.
  B) it has ultimate market power.
  C) it must be pricing below marginal cost.
  D) marginal revenue is negative.

Question 2

If a competitive firm maximizes short-run profits by producing some quantity of output, which of the following must be TRUE at that level of output?
 
  A) p = MC
  B) MR = MC
  C) p  AVC
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
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Liamb2179

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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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leilurhhh

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

covalentbond

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

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