What is the marginal cost of the 5th unit?

a. $100
b. $105
c. $110
d. $115

c

Economics

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Antitrust enforcement is primarily limited by the

a. cooperation of offending firms b. small number of cases c. unwillingness of damaged competitors to press charges d. limited amount of funding allocated by the government e. failure of judges to punish antitrust violators

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When a firm operates with excess capacity, it must be in a monopolistically competitive market

a. True b. False Indicate whether the statement is true or false

Economics