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Author Question: Use the following figure depicting demand, marginal revenue and marginal cost to answer the ... (Read 84 times)

bubba123

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on: Oct 12, 2022

Question 1




FIGURE 12-3

Refer to Figure 12-3. Comparing the perfectly competitive equilibrium to the monopoly equilibrium, the deadweight loss of monopoly is given by


◦ AP4E.
◦ q1CEq2.
◦ P2P4E.
◦ ACE.
◦ q1BEq2.

Question 2

Use the following figure depicting demand, marginal revenue and marginal cost to answer the following question.



FIGURE 12-5

Refer to Figure 12-5. The diagram represents a perfectly competitive industry. The equilibrium price is


◦ $140.
◦ $160.
◦ $180.
◦ more than $180.
◦ $120.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by bubba123 on Oct 12, 2022

zubair1583

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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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bubba123

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

ashely1112

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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