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Author Question: In regards to monopolistic competition, some economists argue that consumers are willing to pay a ... (Read 47 times)

@Brianna17

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on: Jun 30, 2018
In regards to monopolistic competition, some economists argue that consumers are willing to pay a higher price in order to enjoy a wider selection of goods and services.
 a. True
  b. False

Question 2

If tuna in the sea are open-access resources, they will be used until the marginal value of additional use equals
 a. the marginal product of the resource
  b. the marginal revenue of the resource
  c. infinity
  d. negative infinity
  e. zero


Andromeda18

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

A

Answer to Question 2

E


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