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Author Question: In the above figure, when this monopolistically competitive firm produces its profit-maximizing ... (Read 103 times)

Tazate

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on: Jun 29, 2018
In the above figure, when this monopolistically competitive firm produces its profit-maximizing output, it sets a per-unit price of
 
  A) 13.
  B) 11.
  C) 10.
  D) 8.

Question 2

Under rate-of-return regulation, average cost pricing
 
  A) is inflated so the firm can make economic profits.
  B) includes variable costs but not a cost for capital.
  C) includes what they consider to be a fair rate of return on investment.
  D) includes a cost for capital that generates an above normal rate of return.


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tkempin

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Tazate

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

patma1981

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Reply 3 on: Yesterday
Excellent

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