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Author Question: Marginal revenue for a single-price monopolist is A) less than the market price. B) equal to the ... (Read 151 times)

kaid0807

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on: Jun 29, 2018
Marginal revenue for a single-price monopolist is
 
  A) less than the market price.
  B) equal to the market price.
  C) greater than the market price.
  D) equal to zero for all levels of output.

Question 2

Using the data in the above table, the equilibrium quantity and equilibrium price for a cellular telephone is
 
  A) 50 thousand and 100.
  B) 80 thousand and 80.
  C) 60 thousand and 50.
  D) 40 thousand and 20.


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vickyvicksss

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

A

Answer to Question 2

C


kaid0807

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

nothere

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

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