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Author Question: Under the rule of reason, no firm with a large market share could be found guilty of violating the ... (Read 28 times)

melina_rosy

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on: Jun 30, 2018
Under the rule of reason, no firm with a large market share could be found guilty of violating the Sherman Antitrust Act.
 a. True
  b. False

Question 2

Which of the following is true for a perfectly competitive firm in the long run?
 a. MR = MC = ATC
  b. MR = MC = AFC
  c. MC = ATC = AFC
  d. MR = MC > ATC
  e. MR = MC > AVC


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Kingjoffery

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

B

Answer to Question 2

A


melina_rosy

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

bblaney

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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