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Author Question: A monopolist that chooses price A) necessarily produces less than a monopolist that chooses ... (Read 90 times)

mmm

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on: Jul 1, 2018
A monopolist that chooses price
 
  A) necessarily produces less than a monopolist that chooses quantity, hence the laws against price fixing.
  B) produces the same amount as a monopolist that chooses quantity.
  C) produces more than a monopolist that chooses quantity, thus the irony of laws against price fixing.
  D) could produce more or less than a monopolist that chooses quantity since the demand curve is not specified.

Question 2

If all conditions for a perfectly competitive market are met,
 
  A) firms face sunk cost when entering the market.
  B) firms' demand curves are horizontal.
  C) the market demand curve is horizontal.
  D) the firms' demand curves are downward-sloping.
Microeconomics ¦ Perloff ¦ 8th Edition
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ryhom

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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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mmm

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

bimper21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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