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Author Question: The peak of the total revenue curve is achieved at the point where: a. marginal revenue is the ... (Read 106 times)

Mr3Hunna

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on: Jun 30, 2018
The peak of the total revenue curve is achieved at the point where:
 a. marginal revenue is the highest.
  b. price is the highest.
  c. marginal revenue is zero.
  d. marginal cost is zero.

Question 2

A firm, such as a public utility, which is the sole producer in a market in which the government determines prices and standards of service, is known as a(n):
 a. local monopoly.
  b. natural monopoly.
  c. regulated monopoly.
  d. oligopoly.
  e. monopolistically competitive firm.


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Ahernandez18

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

C

Answer to Question 2

c


Mr3Hunna

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  • Posts: 536
Reply 2 on: Jun 30, 2018
Excellent

mjenn52

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

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