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Author Question: As other firms enter a monopoly's market, the demand curve a monopoly faces A) is unaffected. B) ... (Read 60 times)

fasfsadfdsfa

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on: Jul 1, 2018
As other firms enter a monopoly's market, the demand curve a monopoly faces
 
  A) is unaffected.
  B) becomes more inelastic.
  C) becomes more elastic.
  D) may become more or less elastic, depending on its Lerner Index.

Question 2

In the Cournot model, if the products are differentiated
 
  A) this reduces the pressure of one firm's decisions on the other.
  B) this increases the pressure of one firm's decisions on the other.
  C) there is no difference between this model and one with homogeneous goods.
  D) marginal costs are necessarily different.


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nanny

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

C

Answer to Question 2

A


fasfsadfdsfa

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  • Posts: 554
Reply 2 on: Jul 1, 2018
Excellent

juliaf

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Reply 3 on: Yesterday
Gracias!

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