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Author Question: In order for a monopolist to earn a pure economic profit in short-run equilibrium, price must exceed ... (Read 98 times)

mikaylakyoung

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  • Posts: 531
on: Jun 30, 2018
In order for a monopolist to earn a pure economic profit in short-run equilibrium, price must exceed average total cost.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The income effect is the concept that changes in consumption of a good result from changes in government spending.
 a. True
  b. False
  Indicate whether the statement is true or false


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sylvia

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

True

Answer to Question 2

False


mikaylakyoung

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Reply 2 on: Jun 30, 2018
Excellent

mammy1697

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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