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Author Question: When a firm is a price maker A) price is equal to marginal revenue. B) price is greater than ... (Read 167 times)

DelorasTo

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on: Jun 30, 2018
When a firm is a price maker
 A) price is equal to marginal revenue.
  B) price is greater than marginal revenue.
  C) price is less than marginal revenue.
  D) price is equal to marginal cost.

Question 2

Examples of strategic behavior include
 A) kinked demand and linear demand.
  B) prisoner's dilemma and interdependence.
  C) kinked demand and economic profit
  D) prisoner's dilemma and kinked demand.


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brbarasa

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

B

Answer to Question 2

D


DelorasTo

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

lcapri7

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

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