stic Competition, in the Long Run which of the following is FALSE? Page 7 a) P>

Question

stic Competition, in the Long Run which of the following is FALSE? Page 7 a) P> MC b) P> MR c) P>AC 26. Which of the following is TRUE a) MRS - P,P d) MRS .PX P,y 27. Marty has S350 to invest. If he receives 3% interest every 4 months, how much money wm he have in 7 years? a) $430.406 b) $188.14 c) $651.10 d) $800.77 28. If a good is both Non-Excludable and Rivalrous then it is... a) A Private Good b) Common Property c) A Quasi-Public Good d) A Pure Public Good 29. A Monopolist faces market demand 0-6000-2P. What is the equation for the Monopolist's marginal Revenue? a) MR-9000-30 b) MR-9000- c) MR-6000-P d) MR 6000-P 2

Explanation / Answer

25. The correct answer is C.

26. The correct answer is C.

27. The correct answer is C.

28. The correct answer is C.

29. The correct answer is A.

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