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abeytaae abeytaae
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6 years ago
Public goods are produced by profit-seeking firms.
  Indicate whether the statement is true or false

QUESTION 2

If an oligopolist reduces the price of its product relative to its competitors:
 a. some customers will switch to rival firms.
 b. the number of customers it has will likely remain unchanged.
  c. some customers will switch from rival firms to buy from him.
  d. rival firms are unlikely to react.

QUESTION 3

What kind of a payment provision should a contract governing a principal/agent relationship contain?

QUESTION 4

Common property can lead to market failure.
  Indicate whether the statement is true or false

QUESTION 5

Equilibrium price and quantity for a collusive oligopoly are determined according to the intersection of the ____ curve and the horizontal sum of the short-run ____ curves for the oligopolists.
 a. total revenue; total cost
 b. marginal revenue; marginal cost
 c. average revenue; average cost
 d. marginal revenue; average total cost
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TingyaTingya
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Posts: 359
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6 years ago
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abeytaae Author
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6 years ago
Thanks
Gamiung3657
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Yesterday
Brilliant ツ
mmmm_dat_userna
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2 hours ago
Smart ... Thanks!
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