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Author Question: A firm in monopolistic competition can determine what price to charge for its product because of ... (Read 59 times)

newbem

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on: Jun 29, 2018
A firm in monopolistic competition can determine what price to charge for its product because of
 
  A) barriers to entry.
  B) economies of scale.
  C) product differentiation.
  D) the fact there are many buyers.

Question 2

The marginal product and average product curves
 
  A) never intersect.
  B) intersect at the maximum point of the marginal product curve.
  C) intersect at the maximum point of the average product curve.
  D) do not intersect at any predictable point.


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Hikerman221

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

C

Answer to Question 2

C


newbem

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

marict

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

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