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7 Apr 2018
15. Which of the following statements about monopoly is (are) generally true? 1) Monopoly is inefficient because production takes place at P>MC. II) Because of the absence of competition, Schumpeter concludes that monopoly firms are not dynamically efficient III) In the long run, the monopolist's supply curve is more elastic than in the short run. (A) none (B) I only (C) II only (D) III only (E) I and II (F) I and III (G) II and III (H) I, II and III
15. Which of the following statements about monopoly is (are) generally true? 1) Monopoly is inefficient because production takes place at P>MC. II) Because of the absence of competition, Schumpeter concludes that monopoly firms are not dynamically efficient III) In the long run, the monopolist's supply curve is more elastic than in the short run. (A) none (B) I only (C) II only (D) III only (E) I and II (F) I and III (G) II and III (H) I, II and III
larryrambo777Lv10
12 Mar 2023
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Nelly StrackeLv2
9 Apr 2018
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