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Author Question: The diagram below shows themarketdemand curve and the cost curves for a single firm.FIGURE 12-7Refer ... (Read 59 times)

tyratatyanna

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on: Oct 12, 2022

The diagram below shows the market demand curve and the cost curves for a single firm.



FIGURE 12-7

Refer to Figure 12-7. Suppose this firm is being regulated using a policy of average-cost pricing. In this case,


◦ the result is allocatively inefficient because price exceeds marginal cost.
◦ the result is allocatively efficient because economic profits are zero.
◦ the level of output is too low, but the price is allocatively efficient.
◦ the result is allocatively inefficient because the marginal cost curve is downward sloping.
◦ the result is as close to the competitive outcome as possible.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by tyratatyanna on Oct 12, 2022

mgranuc

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Reply #1 on: Oct 12, 2022
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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tyratatyanna

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

lkanara2

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Reply 3 on: Yesterday
Excellent

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