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Pauker Company is producing at minimum short-run marginal cost. Pauker is most likely also

producing:

A.maximum profits.

B.at maximum marginal product.

C.at minimum average variable cost.

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第1题

A firm operating in an industry characterized by monopolistic competition will least likely:

A.earn positive economic profits in the short run.

B.maximize economic profits by colluding with the other firms and operating as a single seller.

C.differentiate its product based on price or quality.

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第2题

Hanover Industrial operates a factory in Paris, which produces goods at a marginal cost above marginal revenue, and a factory in Munich, which products identical goods at a marginal cost less than marginal revenue. To maximize profits, Hanover should most likely:

A.decrease output at both factories.

B.decrease output at the Paris factory and increase output at the Munich factory.

C.increase output at the Paris factory and decrease output at the Munich factory.

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第3题

Compared to a competitive market result, a single-price monopolist will most likely:

A.adopt a marginal cost pricing strategy, which will decrease consumer surplus.

B.increase price, decrease consumer surplus, and increase producer surplus.

C.reduce output, create a deadweight loss, and decrease both producer and consumer surplus.

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第4题

At the quantities where the marginal cost curve intersects the average variable cost (AVC) curve and the average total cost (ATC) curve, respectively:

A.AVC and ATC are at their minimum points

B.AVC is at its minimum point and ATC is increasing

C.ATC is at its minimum point and AVC is decreasing

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