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-Refer to Table 16-2

Question 9

Multiple Choice

-Refer to Table 16-2. The firm represented in the diagram A) has market power in the factor market. B) has market power in the output market. C) has market power in both the factor and product market. D) has no market power in the factor or product market.
-Refer to Table 16-2. The firm represented in the diagram


A) has market power in the factor market.
B) has market power in the output market.
C) has market power in both the factor and product market.
D) has no market power in the factor or product market.

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