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Author Question: The marginal revenue of a monopolistically competitive firm A) will equal average revenue. B) ... (Read 127 times)

darbym82

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on: Jun 29, 2018
The marginal revenue of a monopolistically competitive firm
 
  A) will equal average revenue.
  B) cannot be negative because the price the firm charges will always be greater than zero.
  C) can be negative if the firm charges a high price.
  D) can be negative if the firm charges a low price.

Question 2

The limitation that a consumer's total expenditure on goods and services purchased cannot exceed the income available is referred to as
 
  A) maximizing behavior. B) economizing behavior.
  C) the budget constraint. D) the price constraint.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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cascooper22

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

D

Answer to Question 2

C


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