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Author Question: Refer to Figure 15-1. Which of the following statements about the firm depicted in the diagram is ... (Read 214 times)

genevieve1028

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on: Jun 29, 2018
Refer to Figure 15-1. Which of the following statements about the firm depicted in the diagram is true?
 
  A) The fact that this firm is a natural monopoly is shown by the long-run average total cost curve still falling when it crosses the demand curve.
  B) The fact that this firm is a natural monopoly is shown by the continually declining market demand curve as output rises.
  C) The fact that this firm is a natural monopoly is shown by the fact that marginal cost lies below the long-run average total cost where the firm maximizes its profits.
  D) The fact that this firm is a natural monopoly is shown by the continually declining marginal revenue curve as output rises.

Question 2

Because of the flaws of the concentration ratio as a measure of the extent of competition in an industry, some economists prefer another measure of competition, the Herfindahl-Hirschman Index.
 
  Indicate whether the statement is true or false
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Ksh22

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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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genevieve1028

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Reply #2 on: Jun 29, 2018
Correct answers!


Ksh22

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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