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Ryanteck Ryanteck
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6 years ago
A coffee manufacturer raises the price of its coffee by 10%, and the quantity demanded of its coffee falls by only 12%. This firm has
A) no monopoly power in the output market.
B) some output power.
C) not been able to prevent its competitors from competing with it on price.
D) some market power.
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Akshtsaklani21Akshtsaklani21
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6 years ago
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Ryanteck Author
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6 years ago
Brilliant ツ
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Smart ... Thanks!
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Correct Slight Smile TY
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