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sinerus sinerus
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6 years ago
Suppose a monopolist has costs such that when output is 1,000 units per hour, average cost is $5. If the monopolist is regulated by a policy of average-cost pricing, the monopolist will charge a price of
A) $5 only if the quantity demanded is 1,000 units per hour at a price of $5.
B) $5 only if the quantity demanded is greater than 1,000 units at a price of $5.
C) $5 only if the quantity demanded is less than 1,000 units per hour at a price of $5.
D) $5.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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sinerus Author
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6 years ago
Thanks
byehoe
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This helped my grade so much Perfect
gage
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2 hours ago
this is exactly what I needed
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