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Author Question: Which of the following statements applies to a monopolist but not to a perfectly competitive firm at ... (Read 69 times)

NguyenJ

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on: Jun 29, 2018
Which of the following statements applies to a monopolist but not to a perfectly competitive firm at their profit-maximizing outputs?
 
  A) Average revenue equals average cost. B) Marginal revenue is less than price.
  C) Price equals marginal cost. D) Marginal revenue equals marginal cost.

Question 2

The network of devices directly communicating data to a computer without a person having to enter the data is known as
 
  A) the Internet of Things. B) Big Data.
  C) Synergistic Communications. D) Artificial Intelligence.
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smrtceo

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

B

Answer to Question 2

A


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NguyenJ

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Reply #2 on: Jun 29, 2018
Thank you


smrtceo

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Reply #3 on: Jun 29, 2018
No problemo


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