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1. Suppose a firm is currently maximizing its profits (i.e., following the MR = MC rule). Assuming that it wants to continue maximizing its profits, if its fixed costs increase, it should
a. maintain the same price
b. raise its price
c. lower its price
d. not enough information to answer this question
2. Which of the following is true about a monopoly?
a. Its demand curve is generally less elastic than in more competitive markets.
b. It will always earn economic profit.
c. It will charge the highest possible price.
d. It will always be subject to government regulations.
write a 2-3 page paper using apa formatting responding to the following questions. how will a an unexpected 3 percent
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Write down the household's budget constraints for period 1 and 2 and identify the current account.
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a random sample of 10 economists produced the following forecasts forpercentage growth in real domestic
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A description of blue ocean strategy and its importance
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part of a business strategy you are considering involves the reduction of labor and material costs. your cfo suggested
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