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Author Question: A firm with positive accounting profit may be suffering an economic loss. a. True b. ... (Read 32 times)

mikaylakyoung

  • Hero Member
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  • Posts: 531
on: Jun 30, 2018
A firm with positive accounting profit may be suffering an economic loss.
 a. True
  b. False

Question 2

Which of the following is not true of monopolists?
 a. The entry of new firms is not a major concern.
  b. Monopolists seek to maximize profits.
  c. Monopolists can charge any price they want and make a profit.
  d. Monopolists can choose any point on the market demand curve.
  e. Monopolists can raise price more than 10 percent.


lin77x

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  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


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