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Author Question: Assume price exceeds average variable cost over the relevant range of demand. If a monopolistically ... (Read 61 times)

shofmannx20

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on: Jun 29, 2018
Assume price exceeds average variable cost over the relevant range of demand. If a monopolistically competitive firm is producing at an output where marginal revenue is 23 and marginal cost is 19, then to maximize profits the firm should
 
  A) continue to produce the same quantity. B) decrease output.
  C) shut down. D) increase output.

Question 2

A patent or copyright is a barrier to entry based on
 
  A) widespread network externalities. B) ownership of a key necessary raw material.
  C) large economies of scale as output increases. D) government action to protect a producer.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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jessicaduplan

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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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shofmannx20

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Reply 2 on: Jun 29, 2018
Wow, this really help

jojobee318

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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