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Author Question: The maximum amount a rent seeker would pay for a monopoly is the ________. A) market price B) ... (Read 64 times)

NguyenJ

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on: Jun 29, 2018
The maximum amount a rent seeker would pay for a monopoly is the ________.
 
  A) market price
  B) deadweight loss
  C) monopoly's economic profit
  D) monopoly's normal profit

Question 2

The entry of China and other developing countries into the global economy ________ the wages of low-skilled workers and ________ the wages of high-skilled workers in the United States.
 
  A) lowers; lowers
  B) raises; raises
  C) raises; lowers
  D) lowers; raises


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otokexnaru

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

C

Answer to Question 2

D


NguyenJ

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  • Posts: 516
Reply 2 on: Jun 29, 2018
Excellent

hramirez205

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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