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Author Question: The monopoly supply curve is the A) same as the competitive market supply curve. B) portion of ... (Read 104 times)

EAugust

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on: Jul 1, 2018
The monopoly supply curve is the
 
  A) same as the competitive market supply curve.
  B) portion of marginal costs curve where marginal costs exceed the minimum value of average variable costs.
  C) result of market power and production costs.
  D) none of the above

Question 2

When negative network externalities are present
 
  A) the demand curve is more elastic than otherwise.
  B) the demand curve is less elastic than otherwise.
  C) the demand curve shifts to the right.
  D) the demand curve shifts to the left.


ultraflyy23

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

D

Answer to Question 2

B


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EAugust

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Reply #2 on: Jul 1, 2018
Correct answers!


ultraflyy23

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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