[Answered] A perfectly competitive firm is a price taker, but a monopoly is a price maker. a. True b. False ...

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Author Question: A perfectly competitive firm is a price taker, but a monopoly is a price maker. a. True b. False ... (Read 85 times)

stock

Hero Member
Posts: 573

on: Jun 30, 2018

A perfectly competitive firm is a price taker, but a monopoly is a price maker.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Typically, marginal utility is higher when a person consumes less of a good.
a. True
b. False
Indicate whether the statement is true or false

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Edwyer

Sr. Member
Posts: 337

Reply #1 on: Jun 30, 2018

Answer to Question 1

True

Answer to Question 2

True

stock

Hero Member
Posts: 573

Reply #2 on: Jun 30, 2018

Thank you

Edwyer

Sr. Member
Posts: 337

Reply #3 on: Jun 30, 2018

Happy to help you

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Author Question: A perfectly competitive firm is a price taker, but a monopoly is a price maker. a. True b. False ... (Read 85 times)

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