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Author Question: The Do It Yourself Hardware Store is a monopolistically competitive firm. Its marginal revenue curve (Read 83 times)

DyllonKazuo

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on: Apr 19, 2019

Question 1

A monopolistically competitive firm


◦ can sell an infinite amount of output at the market-determined price.
◦ must lower price to sell more output.
◦ must raise price to sell more output.
◦ sells a fixed amount of output regardless of price.

Question 2

The Do It Yourself Hardware Store is a monopolistically competitive firm. Its marginal revenue curve


◦ is identical to its demand curve.
◦ lies below its demand curve intersecting the quantity axis at the same point at which the demand curve intersects it.
◦ lies below its demand curve intersecting the quantity axis midway between the origin and the point at which the demand curve intersects it.
◦ is below its demand curve if demand is elastic and above the demand curve if demand is inelastic.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by DyllonKazuo on Apr 19, 2019

adf223

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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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DyllonKazuo

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Reply 2 on: Apr 19, 2019
Excellent

softEldritch

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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