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An insurmountable barrier to entry can enable a firm to produce a quantity at which its exceeds its in the long run. Select one: O A. marginal cost; price O B. marginal cost; marginal revenue O C. price; average total cost O D. average total cost; price h You are the manager of Happy Avocados, the dominant firm in the ready-made guacamole market. At your current production level, your marginal cost is $0.50 and you have estimated that your price elasticity of demand is 1.2. What price should you charge to maximize your profit? Select one: O A. $6 OB. $3 O C. $0.50 O D. $1.20 An insurmountable barrier to entry can enable a firm to produce a quantity at which its exceeds its in the long run. Select one: O A. marginal cost; price O B. marginal cost; marginal revenue O C. price; average total cost O D. average total cost; price h You are the manager of Happy Avocados, the dominant firm in the ready-made guacamole market. At your current production level, your marginal cost is $0.50 and you have estimated that your price elasticity of demand is 1.2. What price should you charge to maximize your profit? Select one: O A. $6 OB. $3 O C. $0.50 O D. $1.20
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Q1 the answer is c as the barrier will give monopoly pow... View the full answer
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