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Author Question: Marginal analysis involves undertaking an activity A) only if its marginal costs are greater than ... (Read 92 times)

mia

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on: Jun 29, 2018
Marginal analysis involves undertaking an activity
 
  A) only if its marginal costs are greater than its marginal benefits.
  B) until its marginal costs start declining.
  C) until its marginal benefits equal marginal costs.
  D) only when its marginal benefits are positive.

Question 2

What are the assumptions of a pure monopoly?
 
  What will be an ideal response?
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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macybarnes

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

C

Answer to Question 2

One producer, no close substitutes, barriers to entry.


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