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Author Question: In the long run a monopolistic competitor A) set MR = MC. B) produces where P = AC. C) sets P ... (Read 72 times)

piesebel

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on: Jul 1, 2018
In the long run a monopolistic competitor
 
  A) set MR = MC.
  B) produces where P = AC.
  C) sets P > MC.
  D) All of the above.

Question 2

A company will strive to minimize
 
  A) transaction costs.
  B) costs of internal operations.
  C) total costs of transactions and internal operations combined.
  D) variable costs.


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kswal303

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

D

Answer to Question 2

C


piesebel

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

Missbam101

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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