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Author Question: Which of the following is not associated with the monopoly market structure? a. Many sellers. b. A ... (Read 19 times)

sarasara

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  • Posts: 521
on: Jun 30, 2018
Which of the following is not associated with the monopoly market structure?
 a. Many sellers.
  b. A single seller.
  c. A unique product.
  d. Impossible entry into the market.

Question 2

As a general rule, marginal utility will be less:
 a. as less of the good is consumed.
  b. as more of the good is consumed.
  c. when average utility is at a maximum.
  d. only when the good is inferior.
  e. when satisfaction is less than cost.


guyanai

  • Sr. Member
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  • Posts: 349
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


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