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QUESTION

Chapter 12 Answer in a couple of sentences: Why is the assumption that a corporation or company with market power will charge the highest price they can a false one? Discussion Questions: 2, 4, &

Chapter 12 

Answer in a couple of sentences: Why is the assumption that a corporation or company with market power will charge the highest price they can a false one?

  • Discussion Questions: 2, 4, & 6
  • Review Questions: 1, 3, & 6
  • Problems: 1 & 4

Chapter 13 

Answer in a couple of sentences: Pick an industry you believe to be a monopolistic competition and tell why you believe it is one. 

  1. Discussion Questions: 1, 4
  2. Review Questions: 1, 2, & 3
  3. Problems: 1 & 3
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