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Suppose a monopolist is producing a level of output such that MR>MC. What should the firm do to maximize its profits?
A) The firm should increase output.
B) The firm should do nothing it wants to maximize the difference between MR and MC in order to maximize its profits.
C) The firm should increase price.
D) The firm should hire less labor.
A long-run supply curve is flatter than a short-run supply curve because firms can enter and exit a market more easily in the long run than in the short run is it true or false.
Price fixing is a per se violation of Clayton Antitrust Act. From the materials in library and the Internet, find out an example of the price fixing case or other violations of U.S. antitrust law.
Discuss and indicate the importance of the major components of population growth from 1800 to the present. Give socio-economic explanations for the major changes in each component.
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Employ the following equation to demonstrate why the firm producing at the output level where MR=MC will also be able to maximize its total profit
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Nova corporation just announced that it had a record year. Its earnings have increased nearly 10%. Explain how this announcement can lead to a decline in the price of Nova Corporation's Stock
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