Icarus medical supplies produces patented adhesives

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23. Icarus Medical Supplies produces patented adhesives that are used to reassemble broken bones. Pindrop Medical Products manufactures patented pins that are also used to reassemble broken bones. Both of these imperfectly competitive firms are maximizing profit. If Icarus merges with Pindrop, then the merged firm will maximize profits if it A) decreases the prices of pins and adhesives. B) does not change the prices of pins or adhesives. C) increases the prices of pins and adhesives. D) None of the above is correct.
24. A single-plant, multiproduct firm will introduce additional products
25. The optimal output of joint products that are produced in fixed proportions is found where
26. The optimal combination of joint products that are produced in variable proportions is found where
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D) None of the above is correct. 27. Which of the following is not an example of price discrimination? A) It costs more to make a long-distance phone call during the day than it does late at night. B) A ticket to the zoo costs less for a child than it does for an adult. C) Regular gasoline costs less than premium gasoline. D) All of the above are examples of price discrimination.
28. A firm will realize the highest level of profit if it is able to engage in
29. A grocery store that offers one can of soup for $0.35 and three cans for $1.00 is engaging in

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