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Author Question: A monopolist sets both price and quantity simultaneously, and the amount of output that it supplies depends (Read 70 times)

wrbasek0

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on: Apr 19, 2019

Question 1

Ameritech has a monopoly over local telephone service. If Ameritech is producing where marginal revenue is less than marginal cost, the firm


◦ could increase profits by reducing output.
◦ could increase profits by increasing output.
◦ is maximizing profits.
◦ must be earning a zero profit.

Question 2

A monopolist sets both price and quantity simultaneously, and the amount of output that it supplies depends


◦ only on the marginal cost curve.
◦ only on the demand curve.
◦ on both its marginal cost curve and the demand curve that it faces.
◦ on both its average cost curve and the demand curve that it faces.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by wrbasek0 on Apr 19, 2019

orangecrush

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Reply #1 on: Apr 19, 2019
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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wrbasek0

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Reply #2 on: Apr 19, 2019
TY


orangecrush

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Reply #3 on: Apr 19, 2019
You're welcome


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