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Author Question: If the demand curve a monopolist faces is perfectly elastic, then the ratio of the firm's price to ... (Read 67 times)

kellyjaisingh

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on: Jul 1, 2018
If the demand curve a monopolist faces is perfectly elastic, then the ratio of the firm's price to the marginal cost is
 
  A) 0.
  B) 1.
  C) 2.
  D) None of the abovethe answer cannot be determined.

Question 2

A market is perfectly competitive even if firms have the ability to set their own price as long as the price difference reflects differences in the product.
 
  Indicate whether the statement is true or false
Microeconomics ¦ Perloff ¦ 8th Edition
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leahchrapun

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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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kellyjaisingh

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Reply #2 on: Jul 1, 2018
Thank you :)


leahchrapun

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Reply #3 on: Jul 1, 2018
Happy to help you


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