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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 90 times)

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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

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Answer to Question 1

True

Answer to Question 2

True





 

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