When there are many identical companies in the market, the small business owner will take the market equilibrium price at $____ and its MR will be constant at $____ (Note: this is about a competitive market player) A) 2;2 B)3.5;3.5 C)4;4 D)6.5;6.5
When there are many identical companies in the market, the small business owner will take the market equilibrium price at $____ and its MR will be constant at $____ (Note: this is about a competitive market player) A) 2;2 B)3.5;3.5 C)4;4 D)6.5;6.5
Chapter9: Monopoly
Section: Chapter Questions
Problem 6.10P
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Question
Please refer to the figure. When there are many identical companies in the market, the small business owner will take the market equilibrium price at $____ and its MR will be constant at $____ (Note: this is about a competitive market player)
A) 2;2
B)3.5;3.5
C)4;4
D)6.5;6.5
Transcribed Image Text:Price
12
11
10
MC
9.
8
7.
ATC
P -3.5
Market Equilibrium Price P 3.5
when the market consists of
many identical companies.
MR (A monopolıst)
10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 Quantity
5,
443
2)
1.
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