Author Question: The price charged by a monopolist is socially inefficient because the price A) exceeds the true ... (Read 45 times)

c0205847 · **on:** Jun 29, 2018

The price charged by a monopolist is socially inefficient because the price

A) exceeds the true marginal cost of the resources used.
B) is less than the opportunity cost of the resources used.
C) puts the monopolist into a higher tax bracket.
D) is too low.

Question 2

The supply curve has a

A) negative slope.
B) positive slope.
C) slope equal to -1.
D) undefined slope.