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Loraine Loraine
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8 years ago
With perfect price discrimination ________, and production is expanded until marginal revenue equals ________.
A) the firm's demand curve becomes its marginal revenue curve; marginal cost
B) the firm's demand curve becomes its marginal revenue curve; average total cost
C) the firm's marginal revenue curve bisects the angle with which demand intersects the price-axis; marginal cost
D) the firm's marginal revenue curve bisects the angle with which demand intersects the price-axis; average total cost
E) economic profit is maximized when the lowest price equals marginal cost; average total cost.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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8 years ago
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Loraine Author
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8 years ago
Good timing, thanks!
cipcal
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Yesterday
Thanks
jbarnett14
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2 hours ago
This site is awesome
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