Question: If a price maker sets her price too high, Question content area bottom Part 1 A. marginal revenue is greater than marginal cost. B. other

If a price maker sets her price too high, Question content area bottom Part 1 A. marginal revenue is greater than marginal cost. B. other businesses exit the industry. C. profits are maximized. D. fixed costs are zero. E. price exceeds average revenue

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7. Develop a circular model, with positive and negative feedback loops, showing the following critical variables: