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Author Question: Compared to a perfectly competitive industry, a monopolist with the same marginal cost and demand ... (Read 39 times)

deesands

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Compared to a perfectly competitive industry, a monopolist with the same marginal cost and demand curve will charge:
 a. a higher price and produce a higher volume of output.
  b. a lower price and produce a higher volume of output.
  c. a lower price and produce a lower volume of output.
  d. a higher price and produce a lower volume of output.
  e. the same price and produce the same volume of output.

Question 2

Marginal utility is always a positive number.
 a. True
  b. False
  Indicate whether the statement is true or false



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fauacakatahaias

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Answer to Question 1

d

Answer to Question 2

False




deesands

  • Member
  • Posts: 514
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


alvinum

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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