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Author Question: A monopolistic firm faces a continuously downward-sloping ________ curve. (Read 81 times)

haleyc112

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on: Apr 19, 2019

Question 1

Hi Phi Sound Unlimited has a monopoly over the installation of surround sound systems. Hi Phi Unlimitedʹs total revenue from installing 20 sound systems is $30,000 and its total revenue from installing 21 sound systems is $33,800. The price of the 21st sound system is ________ the marginal revenue of that system.


◦ equal to
◦ greater than
◦ less than
◦ indeterminate from the given information

Question 2

A monopolistic firm faces a continuously downward-sloping ________ curve.


◦ demand
◦ supply
◦ marginal cost
◦ average total cost
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by haleyc112 on Apr 19, 2019

jsm54321

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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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haleyc112

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Reply #2 on: Apr 19, 2019
Excellent


jsm54321

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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