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Author Question: Compared to a single-price monopoly, the price charged by a perfectly competitive market with the ... (Read 120 times)

Anajune7

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on: Jun 29, 2018
Compared to a single-price monopoly, the price charged by a perfectly competitive market with the same costs
 
  A) is higher than the monopoly's price.
  B) is the same as the monopoly's price.
  C) is lower than the monopoly's price.
  D) could be higher than, lower than, or the same as the monopoly's price.

Question 2

If as output increases average product increases, then ________.
 
  A) average total cost decreases
  B) average fixed cost decreases
  C) marginal cost decreases
  D) average variable cost decreases


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tennis14576

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

C

Answer to Question 2

D


Anajune7

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

lindahyatt42

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Reply 3 on: Yesterday
Gracias!

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