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Author Question: The existence of a deadweight loss associated with a monopoly can be seen because A) consumers ... (Read 9 times)

robinn137

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The existence of a deadweight loss associated with a monopoly can be seen because
 
  A) consumers are willing to pay more for the last unit of output than it costs to produce.
  B) the cost of the last unit produced is more than consumers are willing to pay for it.
  C) the producer surplus is larger than in a competitive market.
  D) None of the above.

Question 2

A firm should always shut down if its revenue is
 
  A) declining.
  B) less than its average fixed costs.
  C) less than its total costs.
  D) less than its avoidable costs.


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rachel

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robinn137

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Reply 2 on: Jul 1, 2018
Wow, this really help


hramirez205

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

 

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