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1. Which of the following is true when the market is a monopoly?
a. Profits are always positive
b. P > MC
c. P = MR + variable fixed costs
d. All of the above are true for a monopoly
2. Which of the following is true?
a. A company always produces on the inelastic portion of its demand curve
b. A monopolist always earns an economic profit
c. The more inelastic the demand, the lower the price charged to the customer
d. In the short run a company will shut down operations if the price they charge is less than the average variable cost.
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At the same time some internet trades such as grocery home deliveries have continually suffered steep losses regardless of scale.
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On one hand, the WTO's role in international trade is becoming more significant. On the other hand, its verdict on the Brazil's Embraer versus Canada's Bombardier case did not seem to solve the problem.
If you were to learn about a bottle of gatorade increased in size from 2009 to 2010, should that information affect your calculation of the inflation rate. If so, how.
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Explain why do cattle ranchers slaughtering a large number of newborn calves and burying them in mass graves rather than transporting them to markets.
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Give an example of a product you consume for which your marginal utility increases with the amount of your consumption
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