Agb144 exam 3 100 solut - Study guides, Class notes & Summaries
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AGB144 Exam 3 100% SOLUTION
- Exam (elaborations) • 18 pages • 2023
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Pure monopoly refers to: 
Answers: 
A. any market in which the demand curve to the firm is downsloping. 
B. a standardized product being produced by many firms. 
C. a single firm producing a product for which there are no close substitutes. 
D. a large number of firms producing a differentiated product. - ANSWER C. a single 
firm producing a product for which there are no close substitutes. 
Which of the following is correct? 
A. Both purely competitive and monopolistic firms are "price tak...
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