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Author Question: A monopolistic competitor is like a monopolist in that: a. it sells in the inelastic portion of its ... (Read 74 times)

charchew

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on: Jun 30, 2018
A monopolistic competitor is like a monopolist in that:
 a. it sells in the inelastic portion of its demand curve.
  b. it earns zero economic profit in the long run.
 c. the marginal revenue curve lies above the AR curve.
  d. it faces a downward-sloping demand curve.

Question 2

Because of their greediness, speculators are considered bad for exchange-rate markets.
 a. True
  b. False
  Indicate whether the statement is true or false


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ecox1012

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

d

Answer to Question 2

True


charchew

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

kilada

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

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