[Answered] In comparison to firms in other market structures, monopolists: A) maximize social surplus. B) ...

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naturalchemist

Hero Member
Posts: 542

on: Jun 29, 2018

In comparison to firms in other market structures, monopolists:

A) maximize social surplus.
B) encourage the entry and exit of new firms.
C) set price lower than marginal revenue.
D) produce goods that do not have close substitutes.

Question 2

Empiricism refers to using ________ to analyze the world.

A) data
B) beliefs
C) traditions
D) value judgments

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dajones82

Sr. Member
Posts: 359

Reply #1 on: Jun 29, 2018

Answer to Question 1

D

Answer to Question 2

A

naturalchemist

Member
Posts: 542

Reply 2 on: Jun 29, 2018

Gracias!

abro1885

Member
Posts: 337

Reply 3 on: Yesterday

Great answer, keep it coming

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