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Author Question: In the long run, the price charged by a monopolistic competitor will: a. equal marginal cost. b. ... (Read 92 times)

nmorano1

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on: Jun 30, 2018
In the long run, the price charged by a monopolistic competitor will:
 a. equal marginal cost.
 b. equal average total cost.
 c. equal marginal revenue.
 d. be characterized by both b. and c.

Question 2

Other things equal, the higher the deviations from purchasing power, the lesser will be the arbitrage opportunities.
 a. True
  b. False
  Indicate whether the statement is true or false


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Zebsrer

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

b

Answer to Question 2

False


nmorano1

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


Zebsrer

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


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