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

[c0205847]

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.

[fromAlphatoOmega22]

Answer to Question 1

A

Answer to Question 2

B

[c0205847]

Thanks for the timely response, appreciate it

[flexer1n1]

Gracias!