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Author Question: If a monopoly earns a loss in the short run and market conditions do not change, then it should exit ... (Read 27 times)

EAugust

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on: Apr 19, 2019

Question 1

In perfect competition, price is equal to marginal revenue, while in monopoly, price is greater than marginal revenue.


◦ true
◦ false

Question 2

If a monopoly earns a loss in the short run and market conditions do not change, then it should exit the industry in the long run.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by EAugust on Apr 19, 2019

ju

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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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EAugust

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

xiazhe

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Reply 3 on: Yesterday
Wow, this really help

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