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Author Question: The demand curve for labor is negatively sloped only because the firm must lower its price if it ... (Read 150 times)

DyllonKazuo

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on: Jun 29, 2018
The demand curve for labor is negatively sloped only because the firm must lower its price if it wishes to sell more output.
 
  Indicate whether the statement is true or false

Question 2

Consider the market for cable television, a natural monopoly, shown in the figure above. If the regulator imposes a marginal cost pricing rule, the firm provides service to
 
  A) 3.5 million households.
  B) 6 million households.
  C) 10.5 million households.
  D) 12.5 million households.


rleezy04

  • Sr. Member
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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

D


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