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Author Question: Which of the following is leastlikely to be considered a firm in an imperfectly competitive industry? (Read 72 times)

jjjetplane

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on: Apr 19, 2019

Question 1

A coffee manufacturer raises the price of its coffee by 10%, and the quantity demanded of its coffee falls by only 12%. This firm has


◦ no monopoly power in the output market.
◦ some market power.
◦ some output power.
◦ not been able to prevent its competitors from competing with it on price.

Question 2

Which of the following is 
least likely to be considered a firm in an imperfectly competitive industry?


◦ a Burger King in Pittsburgh, PA
◦ Ohio Bell Telephone Company
◦ a wheat farmer in Kansas
◦ the only locally owned and operated bank in Severn, MD
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by jjjetplane on Apr 19, 2019

medine

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Reply #1 on: Apr 19, 2019
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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jjjetplane

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  • Posts: 556
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

xiazhe

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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