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Author Question: To calculate the point elasticity of demand, a manager must know A) where the supply curve ... (Read 31 times)

anshika

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on: Jul 1, 2018
To calculate the point elasticity of demand, a manager must know
 
  A) where the supply curve intersects the demand curve.
  B) two points on the demand curve.
  C) information about the entire demand curve.
  D) whether or not the demand curve is linear.

Question 2

In which of the following market structures with 2 identical firms do both firms produce more than the Cournot outcome?
 
  A) Stackelberg Oligopoly
  B) Cartel
  C) Perfect Competition
  D) None of the above.


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tofugiraffe

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

C

Answer to Question 2

C


anshika

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  • Posts: 510
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

FergA

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Reply 3 on: Yesterday
Excellent

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