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# Practice_test_Monopoly_questions_04042011

Course Number: ECON 2106, Spring 2011

College/University: Georgia Tech

Word Count: 1484

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Name: ________________________ Class: ___________________ Date: __________ ID: A Practice test Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. A monopoly a. can set the price it charges for its output and earn unlimited profits. b. takes the market price as given and earns small but positive profits. c. can set the price it charges for its output but faces...

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