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Author Question: A single-price monopolist produces a ________ quantity than a perfectly competitive market with the ... (Read 39 times)

asmith134

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on: Jun 29, 2018
A single-price monopolist produces a ________ quantity than a perfectly competitive market with the same costs and charges a ________ price than the perfectly competitive market.
 
  A) greater; higher
  B) greater; lower
  C) lesser; lower
  D) lesser; higher

Question 2

Nicole is indifferent between option A, which gives her 20,000 for sure, and option B, which gives her 10,000 with probability 0.5 or 32,000 with probability 0.5. Nicole's cost of risk for option B is
 
  A) zero.
  B) 1,000.
  C) 2,000.
  D) 20,000.


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InfiniteSteez

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

D

Answer to Question 2

B


asmith134

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


InfiniteSteez

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


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