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Barriers to entry include economies of scale and network effects.

mdagenh1

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Barriers to entry include economies of scale and network effects.

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.

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Question 2.

Barriers to entry include economies of scale and network effects.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 70 times

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purplepanda1516

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More solutions for this book are available here

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mdagenh1 Author

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Thanks for your help!

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