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Author Question: Natural oligopoly is a situation where A) the level of demand can support only a few firms. B) ... (Read 37 times)

CharlieWard

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on: Jun 29, 2018
Natural oligopoly is a situation where
 
  A) the level of demand can support only a few firms.
  B) there is only one firm.
  C) there are only two firms.
  D) there are legal barriers to entry.

Question 2

If the government subsidizes the production of a good
 
  A) an efficient outcome for producers occurs.
  B) overproduction relative to the efficient quantity occurs.
  C) a deadweight loss is created.
  D) Both answers B and C are correct.


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livaneabi

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

A

Answer to Question 2

D


CharlieWard

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

amandalm

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Reply 3 on: Yesterday
Excellent

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