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pirex pirex
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Posts: 634
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6 years ago
Market power is illegal.
A) True, no one is allowed to charge a price greater than marginal cost.
B) False.
C) True, no one is allowed to charge a price greater than average cost.
D) False, because market power guarantees price equal to average cost.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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1 Reply
And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home
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TecShdwTecShdw
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#1
Posts: 432
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6 years ago
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pirex Author
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6 years ago
This site is awesome
rudy.zondo
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Yesterday
Thanks
kc123
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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