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Author Question: If there is an external cost from making paper, an unregulated competitive market produces A) ... (Read 118 times)

fnuegbu

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If there is an external cost from making paper, an unregulated competitive market produces
 
  A) less than the efficient quantity.
  B) the efficient quantity.
  C) more than the efficient quantity.
  D) a quantity that could be greater than, the same as, or less than the efficient amount.

Question 2

In an oligopoly
 
  A) there are only a few firms.
  B) there is no product differentiation.
  C) there is free entry and exit.
  D) firms' decisions are unrelated to each other.



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kswal303

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Answer to Question 1

C

Answer to Question 2

A




fnuegbu

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


ebonylittles

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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