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Author Question: Compared to a perfectly competitive firm with the same cost structure, a monopoly firm will charge ... (Read 31 times)

tuffie

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on: Jun 30, 2018
Compared to a perfectly competitive firm with the same cost structure, a monopoly firm will charge a:
 a. higher price and sell more.
  b. lower price and sell more.
  c. higher price and sell less.
  d. lower price and sell less.
  e. similar price and sell the same.

Question 2

If total utility increases from 10 to 15 for the second unit of a good consumed, the marginal utility of the second unit is 5.
 a. True
  b. False
  Indicate whether the statement is true or false


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tkempin

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

c

Answer to Question 2

True


tuffie

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  • Posts: 534
Reply 2 on: Jun 30, 2018
Wow, this really help

abro1885

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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