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Author Question: In the long run, a firm in a monopolistically competitive industry has its price equal to its A) ... (Read 126 times)

beccaep

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on: Jun 29, 2018
In the long run, a firm in a monopolistically competitive industry has its price equal to its
 
  A) average total cost.
  B) marginal cost.
  C) marginal revenue.
  D) elasticity of demand.

Question 2

In the figure above, the single-price, unregulated monopoly sets a price of
 
  A) 80 per unit.
  B) 60 per unit.
  C) 40 per unit.
  D) 0 per unit.


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tashiedavis420

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

A

Answer to Question 2

B


beccaep

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Reply #2 on: Jun 29, 2018
Correct answers!


tashiedavis420

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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