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Author Question: In the model of monopolistic competition, compared to a firm with a lower marginal cost, a firm with ... (Read 118 times)

tiffannnnyyyyyy

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on: Jun 30, 2018
In the model of monopolistic competition, compared to a firm with a lower marginal cost, a firm with a higher marginal cost will set a ________ price, produce ________ output, and earn ________ profits.
 
  A) higher; less; less
  B) lower; more; more
  C) higher; more; more
  D) lower; less; less
  E) higher; less; more

Question 2

In 2003, the per-capita income in China was roughly ________ of that in the U.S.
 
  A) one hundredth
  B) one eighth
  C) one half
  D) the same as
  E) one twentieth


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cupcake16

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


tiffannnnyyyyyy

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Reply 2 on: Jun 30, 2018
Excellent

lindahyatt42

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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