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Author Question: Assume someone organizes all farms in the nation into a monopoly. What is the monopoly's marginal cost curve? (Read 127 times)

wenmo

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on: May 24, 2019
Assume someone organizes all farms in the nation into a monopoly. What is the monopoly's marginal cost curve?
◦ It is a horizontal line at the competitive industry's price.
◦ It is a vertical line at the formerly competitive industry's quantity.
◦ It is a vertical line at the monopoly's chosen output level.
◦ It is the formerly competitive industry's supply curve.
◦ It is the same as the formally competitive industry's average total cost curve.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by wenmo on May 24, 2019

zoeyesther

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Reply #1 on: May 24, 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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wenmo

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Reply #2 on: May 24, 2019
Thanks


zoeyesther

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Reply #3 on: May 24, 2019
Welcome :)


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