Chapter 12 Answer: Why is the assumption that a corporation or company with market power will charge the highest price they can a false one? (3-5 sentences) Discussion Questions: 2, 4, & 6Review

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Chapter 12

Answer: Why is the assumption that a corporation or company with market power will charge the highest price they can a false one? (3-5 sentences)

  • Discussion Questions: 2, 4, & 6
  • Review Questions: 1, 3, & 6
  • Problems: 1 & 4

Chapter 13:

  1. Discussion Questions: 1, 4
  2. Review Questions: 1, 2, & 3
  3. Problems: 1 & 3

Answer: Pick an industry you believe to be a monopolistic competition and tell why you believe it is one. (3-5 sentences)

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