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Author Question: Is a monopolistically competitive firm productively efficient? A) Yes, because it produces where ... (Read 83 times)

ARLKQ

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on: Jun 29, 2018
Is a monopolistically competitive firm productively efficient?
 
  A) Yes, because it produces where marginal cost equals marginal revenue.
  B) No, because price is greater than marginal cost.
  C) No, because it does not produce at minimum average total cost.
  D) Yes, because price equals average total cost.

Question 2

Economists use game theory to analyze oligopolies because
 
  A) it is more enjoyable for economists and students to learn by playing games.
  B) game theory is useful in understanding the actions of firms that are price takers.
  C) game theory helps us to understand why interactions among firms are crucial in determining profitable business strategies.
  D) real markets are too complicated to analyze without using games.
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stallen

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Reply #1 on: Jun 29, 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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ARLKQ

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Reply #2 on: Jun 29, 2018
Thank you


stallen

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Reply #3 on: Jun 29, 2018
No problemo


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