Ans
120 because here MR=MC. This is required condition for equilbrium
2 3 Again here MR=MC. We have to see corresponding point on AR or demand curve
3 loss because ATC>price. Loss =(4-3)(20)=20
so D is right answer
4 D. It is completely inelastic. As price rises supply rises by zero
Can answer only 4 parts according to HOMEWORKLIB POLICY
D) shifts to the right and then moves back C) They guarantee that a market wil...
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