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Author Question: In contrast to a perfectly competitive firm, a monopolist operates in the long run at a quantity of ... (Read 46 times)

Davideckstein7

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on: Jun 30, 2018
In contrast to a perfectly competitive firm, a monopolist operates in the long run at a quantity of output at which:
 a. P = MC.
  b. MR = MC.
  c. P = ATC.
  d. P > MR.

Question 2

The utility of a good measures its satisfaction rather than its usefulness.
 a. True
  b. False
  Indicate whether the statement is true or false


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Animal_Goddess

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

d

Answer to Question 2

True


Davideckstein7

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

duy1981999

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

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