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Author Question: A monopolist faces a horizontal demand curve while a perfect competitor faces a downward sloping ... (Read 153 times)

Starlight

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on: Jun 30, 2018
A monopolist faces a horizontal demand curve while a perfect competitor faces a downward sloping demand curve for their respective products.
  Indicate whether the statement is true or false

Question 2

In the long-run, a perfectly competitive firm will leave the market if it is unable to cover all of its fixed costs.
 a. True
  b. False
  Indicate whether the statement is true or false


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kbennett34

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

F

Answer to Question 2

False


Starlight

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Reply #2 on: Jun 30, 2018
Correct answers!


kbennett34

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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