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Author Question: If a monopolistically competitive firm raises its price, it a. loses all of its customers (sales ... (Read 74 times)

Sufayan.ah

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on: Jun 30, 2018
If a monopolistically competitive firm raises its price, it
 a. loses all of its customers (sales drop to zero)
  b. loses some, but not all, of its customers
  c. loses very few customers
  d. loses no customers at all
  e. gains customers (sales increase)

Question 2

A private firm that sustains a financial loss because of an antitrust violation may be able to recover three times the actual damages.
 a. True
  b. False


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TDubDCFL

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

B

Answer to Question 2

A


Sufayan.ah

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Reply #2 on: Jun 30, 2018
Thank you :)


TDubDCFL

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Reply #3 on: Jun 30, 2018
Happy to help you


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