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Author Question: Market power guarantees profit. A) True, which is why firm's locate as far away from each other ... (Read 31 times)

maegan_martin

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on: Jul 1, 2018
Market power guarantees profit.
 
  A) True, which is why firm's locate as far away from each other as possible.
  B) False, market power guarantees price greater than marginal cost.
  C) True, market power guarantees price greater than average cost.
  D) False, market power guarantees price equal to average cost.

Question 2

If a profit-maximizing firm finds that, at its current level of production, MR < MC, it will
 
  A) decrease output.
  B) increase output.
  C) shut down.
  D) operate at a loss.
Microeconomics ¦ Perloff ¦ 8th Edition
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bubulittle310@msn.cn

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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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maegan_martin

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

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

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