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Author Question: One difference between a monopoly and a competitive firm is that A) a monopoly is a price taker. ... (Read 58 times)

sjones

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One difference between a monopoly and a competitive firm is that
 
  A) a monopoly is a price taker.
  B) a monopoly maximizes profit by setting marginal revenue equal to marginal cost.
  C) a monopoly faces a downward sloping demand curve.
  D) None of the above.

Question 2

Economies of scope exist between book publishing and magazine publishing if
 
  A) the cost of publishing a magazine is lower for book publishers than for other firms.
  B) the cost of publishing a magazine is lower for firms that publish many magazines than for firms that publish only one magazine.
  C) the cost of publishing a book falls over time as the publisher acquires more experience.
  D) the cost of a publishing a book is not subject to diminishing marginal returns.


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Silverbeard98

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sjones

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Reply 2 on: Jul 1, 2018
Excellent


epscape

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

 

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