Question: b . Average and marginal price are atways the same c . Marginal price is decreasing. d . Marginal price can be lower than average

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Average and marginal price are atways the same

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Marginal price is decreasing.

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Marginal price can be lower than average price.

6 .

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Given that horizontal mergers reduce the number of firms competing in a market and increase the firms market power, horizontal mergers always reduce Consumer Surplus but may increase Total Surplus. Circle below.

True

False

b . Average and marginal price are atways the

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