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Author Question: A profit-maximizing monopolist, if producing at all, chooses a level of output where: a. total ... (Read 93 times)

tiara099

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on: Jun 30, 2018
A profit-maximizing monopolist, if producing at all, chooses a level of output where:
 a. total revenue is maximized.
 b. total cost is minimized.
 c. average total cost is minimized.
 d. marginal revenue equals marginal cost.

Question 2

Protection of an infant industry should be withdrawn once that industry:
 a. charges the same price as foreign competitors.
  b. goes public on the stock exchange.
  c. raises a large amount of sales revenue.
  d. achieves sufficient size to compete with foreign firms.
  e. earns enough profit as a result of the subsidies to remain in business.


Ptupou85

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

d

Answer to Question 2

d


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tiara099

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


Ptupou85

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


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