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True of false- market power is the ability of a firm to change a price greather than marginal cost. busineeses with market power sometimes have
True of false- market power is the ability of a firm to change a price greather than marginal cost. busineeses with market power sometimes have the overproductuon problem. in reality, businesses with market power can earn more profits than firms in competitive settings. Firms with market power have to be efficent to earn profitts and survive
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Principles of Economics
Authors: Fred M. Gottheil
7th edition
978-1133962069, 9781285064444, 1133962068, 1285064445, 978-1285064437
