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Title: Barriers to entry include economies of scale and network effects. Post by: mdagenh1 on Apr 28, 2019 Question 1. A monopoly earns total revenue of $20,000 when it sells 200 units of output and total revenue of $22,000 when it sells 240 units of output. Thus, the marginal revenue of the 240th unit is $91.67. ▸ true ▸ false Question 2. Barriers to entry include economies of scale and network effects. ▸ true ▸ false Title: Barriers to entry include economies of scale and network effects. Post by: purplepanda1516 on Apr 28, 2019 Content hidden
Title: Barriers to entry include economies of scale and network effects. Post by: mdagenh1 on Apr 28, 2019 Thanks for your help!
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