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Author Question: A monopolistically competitive firm ________ where marginal revenue equals marginal cost. (Read 313 times)

cmoore54

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on: Apr 19, 2019

Question 1

Speedy Flowers competes in the monopolistically competitive flower delivery industry in a city. The firm raises its prices by 5% while all other florists keep their prices the same. Which of the following is most likely to occur? Speedy Flowers will


◦ be unable to sell any flowers because it was the only firm to raise price.
◦ lose some of its customers.
◦ increase its profits.
◦ serve an increased number of customers.

Question 2

A monopolistically competitive firm ________ where marginal revenue equals marginal cost.


◦ minimizes average total cost
◦ maximizes revenues
◦ minimizes average variable cost
◦ maximizes profits
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by cmoore54 on Apr 19, 2019

Pamela.irrgang@yahoo.com

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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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cmoore54

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Reply #2 on: Apr 19, 2019
Excellent


Pamela.irrgang@yahoo.com

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


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