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nakungth nakungth
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Posts: 1175
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6 years ago
Use the following statements to answer this question:
I.   Under the dominant firm model, the dominant firm effectively acts like a monopolist who is facing the excess market demand that cannot be supplied by the fringe firms.
II.   Under the dominant firm model, the fringe firms also act like profit maximizing monopolists.
A) I and II are true
B) I is true and II is false
C) I is false and II is true
D) I and II are false
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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oracledarrenoracledarren
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#1
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6 years ago
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nakungth Author
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6 years ago
You make an excellent tutor!
ezsancheezy
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Yesterday
Helped a lot
rhockeygirl
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2 hours ago
Correct Slight Smile TY
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