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Author Question: Imperfect competition (Read 175 times)

nramada

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on: Apr 19, 2019

Question 1

In an imperfectly competitive industry


◦ a single firm has no control over the price of its output.
◦ a single firm has some control over the price of its output.
◦ a single firm will be able to sell all of its output at whatever price it wants to charge.
◦ the government will always regulate the output price.

Question 2

Imperfect competition


◦ means there is no competition in the market.
◦ results in less efficient market outcomes.
◦ should always be regulated by the government
◦ is a major cause of externalities in the market.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by nramada on Apr 19, 2019

meryzewe

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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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nramada

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

bblaney

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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