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Author Question: Which of the following average cost functions suggests the presence of a natural monopoly? A) AC ... (Read 12 times)

DelorasTo

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on: Jul 1, 2018
Which of the following average cost functions suggests the presence of a natural monopoly?
 
  A) AC = 2
  B) AC = 100/Q + 2
  C) TC = 100/Q + 2Q
  D) All of the above.

Question 2

If a firm is currently in short-run equilibrium earning a profit, what impact will a lump-sum tax have on its production decision?
 
  A) The firm will decrease output to earn a higher profit.
  B) The firm will increase output but earn a lower profit.
  C) The firm will not change output but earn a lower profit.
  D) The firm will not change output and earn a higher profit.
Microeconomics ¦ Perloff ¦ 8th Edition
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yeungji

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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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DelorasTo

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

bblaney

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

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