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Author Question: The average cost for a typical electric-power-production firm is AC = 100 - 10Q + Q2 where Q is ... (Read 49 times)

HudsonKB16

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on: Jul 1, 2018
The average cost for a typical electric-power-production firm is AC = 100 - 10Q + Q2 where Q is measured in billion kilowatt hours per day. At the current regulated price, consumers demand 4 billion kilowatt hours per day. Is this market a natural monopoly? If demand increases to 10 billion kilowatt hours, is this market a natural monopoly? Explain.
 
  What will be an ideal response?

Question 2

In the long run, profits will equal zero in a competitive market because of
 
  A) constant returns to scale.
  B) identical products being produced by all firms.
  C) the availability of information.
  D) free entry and exit.
Microeconomics ¦ Perloff ¦ 8th Edition
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matt

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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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HudsonKB16

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

milbourne11

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Reply 3 on: Yesterday
:D TYSM

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