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Title: A virtuous cycle occurs (Multiple Choice Question) Post by: Tidy on Jun 21, 2015 A virtuous cycle occurs
A) when lobbyists petition members of Congress to grant a public franchise; the lobbyist then raise money for those Congress members who granted the franchise. B) when monopoly profits are used to create new products for additional monopoly profits. C) when a firm can attract enough buyers initially to increase a product's usefulness to attract even more buyers. D) when a firm's sales volume reaches a level where the firm can take advantage of economies of scale; thereby reducing the price of the product to further boost its sales. Title: Re: A virtuous cycle occurs Post by: VincenzoD on Jul 24, 2015 Content hidden
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