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Author Question: Which of the following DOES NOT contribute to the market power of a firm? A) number of available ... (Read 28 times)

rosent76

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on: Jul 1, 2018
Which of the following DOES NOT contribute to the market power of a firm?
 
  A) number of available substitutes
  B) the color of the product
  C) legal protections
  D) the number of firms in the market

Question 2

If a profit-maximizing firm finds that, at its current level of production, MR > MC, it will
 
  A) earn greater profits than if MR = MC.
  B) increase output.
  C) decrease output.
  D) shut down.
Microeconomics ¦ Perloff ¦ 8th Edition
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tuate

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


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