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1. Assuming a constant marginal cost, a… Show more -Answer

Paper help Economics 1. Assuming a constant marginal cost, a… Show more -Answer

Economics

1. Assuming a constant marginal cost, a… Show more -Answer

1. Assuming a constant marginal cost, a… Show more -Answer true false for each with a brief explanation please 1. Assuming a constant marginal cost, a lower price elasticity of demand would call for a relatively lower mark-up ration. 2. Mark-up pricing might be more suitable for monopolies 3. Relatively high transportation costs make it easier for a firm to achieve a natural –monopoly status. 4. When there are significant economies of scale, it might be more efficient to have a larger firm operating under its full capacity than having multiple firms, each operating at its peak efficiency. 5. The higher the fixed cost the lower the break-even output quantity. • Show less

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