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Author Question: In the long run, a monopolistic competitor A) sets MR = MC. B) produces where P = AC. C) sets P ... (Read 108 times)

lbcchick

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on: Jul 1, 2018
In the long run, a monopolistic competitor
 
  A) sets MR = MC.
  B) produces where P = AC.
  C) sets P > MC.
  D) All of the above.

Question 2

The gap between the value a monopsony places on the last worker hired and the wage paid will increase when
 
  A) the supply curve becomes more elastic at the optimum.
  B) the supply curve becomes less elastic at the optimum.
  C) the supply curve becomes horizontal.
  D) the value of the last unit of labor hired is greater than the cost.
Microeconomics ¦ Perloff ¦ 8th Edition
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wergv

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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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lbcchick

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

kswal303

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

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