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nguyenduong67 nguyenduong67
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7 years ago
Which of the following is NOT a characteristic of a monopoly?
A) A monopolist is a price-taker.
B) There are no close substitutes for a monopolist's product.
C) A monopolist faces a downward-sloping demand curve.
D) After the first unit, the monopolist's marginal revenue is always less than its price.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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tristiontristion
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7 years ago
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nguyenduong67 Author
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7 years ago
You make an excellent tutor!
mkyoungs
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Yesterday
this is exactly what I needed
KaylenePig
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2 hours ago
Good timing, thanks!
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