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Author Question: For the monopolistically competitive firm A) P = MR > AR. B) P > MR = AR. C) Price (P) = ... (Read 41 times)

casperchen82

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For the monopolistically competitive firm
 
  A) P = MR > AR.
  B) P > MR = AR.
  C) Price (P) = Marginal Revenue (MR) = Average Revenue (AR).
  D) P = AR > MR.

Question 2

Which of the following statements is false?
 
  A) An implicit cost is a nonmonetary opportunity cost.
  B) Economists consider all costs to be implicit costs.
  C) Economic costs include both accounting costs and implicit costs.
  D) An explicit cost is a cost that involves spending money.


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srodz

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casperchen82

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


atrochim

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Reply 3 on: Yesterday
:D TYSM

 

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