« previous next »

Author Question: When a monopolist's marginal cost of production is zero: a. the deadweight loss is reduced. b. ... (Read 28 times)

krzymel

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
When a monopolist's marginal cost of production is zero:
 a. the deadweight loss is reduced.
  b. production is lower than if marginal cost were positive.
  c. the price charged is higher than if marginal cost were positive.
  d. maximizing profit is same as maximizing revenue.

Question 2

When long-run average costs are declining for the entire range of demand, the firm is known as a(n):
 a. local monopoly.
  b. regulated monopoly.
  c. monopolistically competitive firm.
  d. natural monopoly.
  e. oligopoly.


fatboyy09

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

krzymel

  • Hero Member
  • *****
  • Posts: 548
Reply #2 on: Jun 30, 2018
Correct answers!


fatboyy09

  • Sr. Member
  • ****
  • Posts: 358
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Herbivore biomass is positively correlated with net aboveground primary production. Herbivore biomass is positively correlated with net aboveground primary production.
Production and Prices in Richland and Poorland Production and Prices in Richland and Poorland
Cost Accounting: A Managerial Emphasis 16th Edition Cost Accounting: A Managerial Emphasis 16th Edition
Production efficiency vs. trophic efficiency Production efficiency vs. trophic efficiency
Complete the following production chart and plot the points. Complete the following production chart and plot the points.
Estimating Potential Blood Volume Loss (Part 1) Estimating Potential Blood Volume Loss (Part 1)
Video: Inflammation

For a complete list of videos, visit our video library