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Author Question: The figure above shows Firm X. The ________ firm charges a markup of ________. (Read 64 times)

Kikoku

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on: May 24, 2019



The figure above shows Firm X. The ________ firm charges a markup of ________.
◦ monopolistically competitive; $10 per unit because price exceeds marginal cost
◦ monopolistically competitive; $20 per unit because prices exceeds average total cost
◦ perfectly competitive; $10 per unit because price equals average total cost
◦ perfectly competitive; $20 per unit because price exceeds average total cost
◦ monopolistically competitive; $10 per unit because the demand curve lies above the marginal revenue curve
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by Kikoku on May 24, 2019

tkempin

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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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Kikoku

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

bulacsom

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Reply 3 on: Yesterday
Excellent

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