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Author Question: Historical evidence suggests that monopolization of particular industries had led to lower prices. ... (Read 84 times)

khang

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on: Jun 30, 2018
Historical evidence suggests that monopolization of particular industries had led to lower prices. In such cases the monopolists had reduced profit to increase welfare.
  Indicate whether the statement is true or false

Question 2

Economic efficiency is achieved when the price of a unit of a commodity is equal to the marginal cost of producing that unit.
 a. True
  b. False
  Indicate whether the statement is true or false


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al

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

F

Answer to Question 2

True


khang

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bimper21

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

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