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Author Question: Refer to Table 13-3. What is the best course of action for the firm in the short run? A) It ... (Read 65 times)

waynest

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Refer to Table 13-3. What is the best course of action for the firm in the short run?
 
  A) It should not cut its price but it should increase its sales by advertising.
  B) It should stay in business because it covers some of its fixed cost.
  C) It should shut down.
  D) It should increase its sales by lowering its price.

Question 2

Which one of the following about a monopoly is false?
 
  A) A monopoly status could be temporary.
  B) A monopoly could make profits in the long run.
  C) A monopoly could break even in the long run.
  D) A monopoly must have some kind of government privilege or government imposed barrier to maintain its monopoly.


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mohan

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waynest

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


Laurenleakan

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

 

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