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Author Question: Perfect competition and monopolistic competition are similar in that firms in both types of market ... (Read 117 times)

Jkov05

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on: Jul 1, 2018
Perfect competition and monopolistic competition are similar in that firms in both types of market structure will
 
  A) act as price takers.
  B) produce a level of output where price equals marginal cost.
  C) earn zero profit in the long run.
  D) act as price setters.

Question 2

Assume a firm is a monopoly and enjoys 10,000,000 profits per year. The firm lobbies to have a moratorium passed by Congress on new firms in its market for the next 25 years. If there is no discount rate, how much would the firm be willing to pay to deter entry?
 
  A) 250 million
  B) 25 million
  C) 100 million
  D) 250 billion
Microeconomics ¦ Perloff ¦ 8th Edition
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IAPPLET

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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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Jkov05

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

kswal303

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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