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Author Question: A flour mill holding exclusive contracts to 95% of the wheat in a large geographic area may operate ... (Read 226 times)

Pineappleeh

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on: Mar 14, 2021

Question 1

The loss associated with the fact that at the profit-maximizing quantity consumers value the goods more than it cost to produce them is called
◦ deadweight loss.
◦ comparative loss.
◦ Lerner Loss.
◦ Consumer Value Loss.

Question 2

A flour mill holding exclusive contracts to 95% of the wheat in a large geographic area may operate as a flour producing monopoly locally because
◦ the mill has a very inelastic supply curve.
◦ the mill is a natural monopoly.
◦ the mill controls a key input.
◦ the government will declare it a monopoly.
Managerial Economics and Strategy ¦ Perloff, Brander ¦ 3rd Edition
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Marked as best answer by Pineappleeh on Mar 14, 2021

johnpizzaz

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Reply #1 on: Mar 14, 2021
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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Pineappleeh

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Reply 2 on: Mar 14, 2021
Great answer, keep it coming :)

amynguyen1221

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Reply 3 on: Yesterday
:D TYSM

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