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Author Question: Market power is illegal. A) True, no one is allowed to charge a price greater than marginal cost. ... (Read 70 times)

faduma

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Market power is illegal.
 
  A) True, no one is allowed to charge a price greater than marginal cost.
  B) False, firms can freely choose their prices.
  C) True, no one is allowed to charge a price greater than average cost.
  D) False, because market power guarantees price equal to average cost.

Question 2

If a firm traded on the New York Stock Exchange posts an accounting profit of 10 million, then the firm is making a positive economic profit
 
  A) only if the Securities and Exchange Commission (SEC) approves the accounting report.
  B) only if the firm's opportunity cost is less than 10 million.
  C) only if the firm's opportunity benefit is more than 10 million.
  D) only if the firm's management receives stock compensation.


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EAN94

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faduma

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


flexer1n1

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

 

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