Title: Marginal Cost, Average Total Cost (2 Questions)
Post by: coolcat on Jul 22, 2019
Refer to Figure 10.4. If the market was perfectly competitive, the consumer surplus would be:
▸ $850.
▸ $625.
▸ $300.
▸ $100.
Title: Marginal Cost, Average Total Cost (2 Questions)
Post by: binva on Jul 22, 2019
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Title: Marginal Cost, Average Total Cost (2 Questions)
Post by: Dymondmonae on Jul 22, 2019
Refer to Figure 10.4. The deadweight loss associated with the monopoly would be represented by the area:
▸ △abe.
▸ △ace.
▸ △ade.
▸ △efg.
Title: Marginal Cost, Average Total Cost (2 Questions)
Post by: sliceofoctopi on Jul 22, 2019
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Title: Marginal Cost, Average Total Cost (2 Questions)
Post by: Dymondmonae on Jul 22, 2019
Thank you, thank you, thank you!