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Loraine Loraine
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9 years ago
If a natural monopoly is told to set price equal to average cost, then the firm
A) is not able to set marginal revenue equal to marginal cost.
B) automatically also sets price equal to marginal cost.
C) will make a substantial economic profit.
D) will incur an economic loss.
E) sets a price that is lower than its marginal cost.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 266 times
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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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VincenzoDVincenzoD
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9 years ago
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Loraine Author
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9 years ago
This helped my grade so much Perfect
julymontalvo
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Helped a lot
dri
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2 hours ago
Thank you, thank you, thank you!
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