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Author Question: Competitive firms are able to set price above marginal cost when A) the markup is less than the ... (Read 81 times)

BRWH

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on: Jul 1, 2018
Competitive firms are able to set price above marginal cost when
 
  A) the markup is less than the cost of going to another store.
  B) the markup is greater than the cost of going to another store.
  C) all consumers have full information.
  D) consumers know what other stores are charging.

Question 2

Describe how a firm that sells only one brand of bleach may be able to increase its profit if it re-labels some of its bleach.
 
  What will be an ideal response?
Microeconomics ¦ Perloff ¦ 8th Edition
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jonathanballen97

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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BRWH

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

hollysheppard095

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

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