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Author Question: In monopolistically competitive markets, A) price is greater than it would be in perfect ... (Read 29 times)

sam.t96

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on: Jul 1, 2018
In monopolistically competitive markets,
 
  A) price is greater than it would be in perfect competition.
  B) price is less than it would be in perfect monopoly.
  C) quantity is greater than it would be in perfect monopoly.
  D) All of the above.

Question 2

Firm A is a monopsonist that faces a labor supply elasticity of 2.4 whereas Firm B is a monopsonist that faces a labor supply elasticity of 1.4. Which of these monopsonists has a higher markup over wage?
 
  A) Firm A
  B) Firm B
  C) They both pay the same.
  D) It is impossible to tell which pays a higher wage.
Microeconomics ¦ Perloff ¦ 8th Edition
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nathang24

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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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sam.t96

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

cam1229

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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