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Author Question: For firms in an oligopoly to be interdependent, a. goods must be undifferentiated b. goods must be ... (Read 93 times)

sheilaspns

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on: Jun 30, 2018
For firms in an oligopoly to be interdependent,
 a. goods must be undifferentiated
  b. goods must be differentiated
  c. firms must be small
  d. barriers to entry must be minimal
  e. goods can be either undifferentiated or differentiated

Question 2

The total welfare cost of a monopoly that engages in rent-seeking activities
 a. equals only the portion of lost consumer surplus that is not transferred to the monopolist
  b. includes the use of resources devoted to rent seeking
  c. equals the total reduction in consumer surplus
  d. equals the total economic profit earned by the monopolist
  e. excludes the use of resources devoted to rent seeking


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bhavsar

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

E

Answer to Question 2

B


sheilaspns

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

tkempin

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Reply 3 on: Yesterday
Wow, this really help

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