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Author Question: A monopoly creates no deadweight when it maximizes its profit. Indicate whether the statement is ... (Read 31 times)

jenna1

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on: Jun 29, 2018
A monopoly creates no deadweight when it maximizes its profit.
 
  Indicate whether the statement is true or false

Question 2

A company will shut down in the short run if it cannot cover its __________ and will exit the industry in the long run if it cannot cover its __________.
 
  Fill in the blank(s) with correct word


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briezy

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

FALSE

Answer to Question 2

variable costs; total costs


jenna1

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

Mochi

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

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