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Author Question: Profits are maximized when A) added costs are equal to added revenue. B) costs equal revenue. C) ... (Read 125 times)

Melani1276

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on: Jun 30, 2018
Profits are maximized when
 A) added costs are equal to added revenue.
  B) costs equal revenue.
  C) average costs equal average revenue.
  D) economic profits are zero.

Question 2

What aspects of bargaining can affect market outcomes?


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strudel15

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

A

Answer to Question 2

The outcomes of bargaining are generally indeterminate and hard to link to characteristics of the buyer or the seller. There are important elements of randomness, but some studies show that access to market-related information can affect outcomes.


Melani1276

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

aliotak

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

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