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Author Question: For the unregulated, single-price monopoly shown in the figure above, when its profit is maximized, ... (Read 125 times)

BRWH

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on: Jun 29, 2018
For the unregulated, single-price monopoly shown in the figure above, when its profit is maximized, output will be
 
  A) 4 units per year and the price will be 6.
  B) 4 units per year and the price will be 4.
  C) 6 units per year and the price will be 4.
  D) None of the above answers is correct.

Question 2

For which of the following pairs of goods is the cross elasticity of demand positive?
 
  A) tennis balls and tennis rackets
  B) videotapes and laundry detergent
  C) airline trips and textbooks
  D) beef and chicken


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kishoreddi

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

A

Answer to Question 2

D


BRWH

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ktidd

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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