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Author Question: For a perfectly competitive firm, which of the following is not true at profit maximization? A) ... (Read 198 times)

shofmannx20

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on: Jun 29, 2018
For a perfectly competitive firm, which of the following is not true at profit maximization?
 
  A) Marginal revenue equals marginal cost. B) Price equals marginal cost.
  C) Market price is greater than marginal cost. D) Total revenue minus total cost is maximized.

Question 2

What is a monopoly? Can a firm be a monopoly if close substitutes for its product exists?
 
  What will be an ideal response?
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leahm14

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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
Great answer, keep it coming :)

lindahyatt42

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Reply 3 on: Yesterday
:D TYSM

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