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Author Question: If the average total cost curve is always above the demand curve of a monopolist: a. that ... (Read 35 times)

nevelica

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on: Jun 30, 2018
If the average total cost curve is always above the demand curve of a monopolist:
 a. that monopolist will suffer economic losses.
 b. entry will occur, forcing the monopolist to reduce price and expand output.
  c. the monopolist will earn an economic profit.
 d. the monopolist must be producing inefficiently.

Question 2

The human skills theory is similar to the factor abundance theory of explaining the source of comparative advantage, except that the former concentrates only on different aspects of labor.
 a. True
  b. False
  Indicate whether the statement is true or false


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cdmart10

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

a

Answer to Question 2

True


nevelica

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Reply #2 on: Jun 30, 2018
Thank you :)


cdmart10

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Reply #3 on: Jun 30, 2018
Happy to help you


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