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Author Question: If a monopoly can produce a good at zero marginal cost, then its Lerner Index is A) zero. B) ... (Read 75 times)

Garrulous

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If a monopoly can produce a good at zero marginal cost, then its Lerner Index is
 
  A) zero.
  B) one.
  C) infinity.
  D) undetermined.

Question 2

If a competitive firm's marginal profit is positive at an output of 1000 units,
 
  A) at 1000 units, MR = MC.
  B) it should produce more than 1000 units.
  C) it should produce less than 1000 units.
  D) at 1000 units, MR < MC.


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apple

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Garrulous

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Reply 2 on: Jul 1, 2018
Excellent


sailorcrescent

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Reply 3 on: Yesterday
Gracias!

 

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