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Author Question: Concentration ratios are generally computed for ________ markets. A) local B) regional C) ... (Read 76 times)

kaid0807

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on: Jun 29, 2018
Concentration ratios are generally computed for ________ markets.
 
  A) local
  B) regional
  C) national
  D) global

Question 2

Consider the perfectly competitive firm in the figure above. At the profit maximizing level of output, the firm will
 
  A) make an economic profit equal to the area ABCD.
  B) incur an economic loss equal to the area ABCD.
  C) make zero economic profit.
  D) make an economic profit equal to the area AECD.


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tranoy

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

C

Answer to Question 2

A


kaid0807

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Liamb2179

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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