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Author Question: Individual firms in a perfectly competitive market can a. purchase all they want at the market ... (Read 70 times)

FButt

  • Hero Member
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  • Posts: 519
on: Jun 30, 2018
Individual firms in a perfectly competitive market can
 a. purchase all they want at the market price
  b. sell all they produce at the market price
  c. earn more profit if they charge a price above the market price
  d. earn more profit if they charge a price below the market price
  e. earn no profit in the short run

Question 2

A monopolist has complete control over both price and quantity of output.
 a. True
  b. False


joshraies

  • Sr. Member
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  • Posts: 351
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


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