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Author Question: In the above figure, if this natural monopolist were regulated and allowed to earn a fair rate of ... (Read 131 times)

Lobcity

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on: Jun 29, 2018
In the above figure, if this natural monopolist were regulated and allowed to earn a fair rate of return, it would produce
 
  A) at Q1 output rate.
  B) at Q2 output rate.
  C) at Q3 output rate.
  D) past the Q3 output rate.

Question 2

The products sold by monopolistically competitive firms
 
  A) are differentiated.
  B) are homogeneous.
  C) can be either homogeneous or differentiated.
  D) are close substitutes of each other.


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Koolkid240

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

B

Answer to Question 2

A


Lobcity

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  • Posts: 524
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

ricroger

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

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