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Author Question: Compared to a monopolistic competitor, a monopoly producer who was currently earning economic ... (Read 79 times)

dollx

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on: Jun 30, 2018
Compared to a monopolistic competitor, a monopoly producer who was currently earning economic profits:
 a. would face a more elastic demand curve.
 b. would face a less elastic demand curve.
 c. could continue to earn economic profits for a longer period of time.
  d. would be characterized by both (b) and (c).

Question 2

According to economists, an individual who tries to derive utility from the consumption of a good without paying for it is called:
 a. a utility maximizer.
  b. a free rider.
  c. an opportunist.
  d. a profit maximizer.


amandalm

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

d

Answer to Question 2

B


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dollx

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Reply #2 on: Jun 30, 2018
Thank you :)


amandalm

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Reply #3 on: Jun 30, 2018
Happy to help you


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