Quiz 7-November 3, 2009 - A. True B. False ANSWER: B 3 1....

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1 1. Please take this quiz seriously. 2. Do not look around. 3. Do not talk with anyone.  4. Fill out the answer sheet with your name  and EID number.  5. There will be three questions.  6. You are allowed to drop one quiz. 7. The answers to the quiz have been  posted on the course Web site. QUIZ NOVEMBER 3, 2009
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2 1. Most firms try to maximize their profits.     
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Unformatted text preview: A. True B. False ANSWER: B 3 1. Monopolistic competition means that there is one seller and many buyers. A. True B. False ANSWER: B 4 1. The pricing theory behind oligopoly is that firms will reduce the price to meet competitions lower prices. A. True B. False ANSWER: A...
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This note was uploaded on 01/21/2010 for the course MKT 320F taught by Professor Miller during the Spring '08 term at University of Texas at Austin.

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Quiz 7-November 3, 2009 - A. True B. False ANSWER: B 3 1....

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