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Author Question: A monopolist's marginal revenue curve is flatter than its demand curve. a. True b. ... (Read 106 times)

lak

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on: Jun 30, 2018
A monopolist's marginal revenue curve is flatter than its demand curve.
 a. True
  b. False

Question 2

Which of the following occurs if firms are able to restrict output and raise price?
 a. resources are misallocated
  b. wealth is shifted from consumers to government
  c. wealth is shifted from producers to consumers
  d. P = MC
  e. P = minimum LRAC


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meow1234

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

B

Answer to Question 2

A


lak

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  • Posts: 546
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

sailorcrescent

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Reply 3 on: Yesterday
Excellent

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