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Author Question: A profit-maximizing firm in a ________ market structure behaves much like a monopolistic firm in the ... (Read 108 times)

TVarnum

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on: Apr 19, 2019

Question 1

Unlike a monopolistically competitive firm's product, a monopolistic firm's product


◦ is homogeneous.
◦ has a vertical demand curve.
◦ has many close substitutes.
◦ has no close substitutes.

Question 2

A profit-maximizing firm in a ________ market structure behaves much like a monopolistic firm in the short run.


◦ perfectly competitive
◦ monopolistically competitive
◦ Cournot duopoly
◦ All of these are correct.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by TVarnum on Apr 19, 2019

wfdfwc23

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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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TVarnum

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

AmberC1996

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Reply 3 on: Yesterday
Excellent

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