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Author Question: A perfectly competitive firm's profit per unit of output equals a. price minus average variable ... (Read 79 times)

soccerdreamer_17

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A perfectly competitive firm's profit per unit of output equals
 a. price minus average variable cost
  b. price minus marginal cost
  c. total revenue minus total cost
  d. price times quantity
  e. price minus average total cost

Question 2

Monopolists always earn positive short-run economic profit.
 a. True
  b. False



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pami445

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Answer to Question 1

E

Answer to Question 2

B




soccerdreamer_17

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Reply 2 on: Jun 30, 2018
Wow, this really help


nathang24

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Reply 3 on: Yesterday
:D TYSM

 

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