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Author Question: A monopoly firm is charging the price the market will bear at a level of output where MC equals 22 ... (Read 50 times)

HudsonKB16

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on: Jun 30, 2018
A monopoly firm is charging the price the market will bear at a level of output where MC equals 22 and is increasing, MR equals 20, and average variable cost equals 17 . To maximize profits, the firm should:
 a. increase both output and price.
 b. increase output but decrease the price.
  c. decrease output and increase the price.
  d. decrease both output and price.

Question 2

According to strategic trade policy, international trade largely involves firms that:
 a. enjoy monopolistic power in the domestic market.
  b. have a high initial cost of production.
  c. pursue economies of scale.
  d. have high opportunity costs.
  e. generate adequate employment in the domestic economy.


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Carissamariew

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


HudsonKB16

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Reply 2 on: Jun 30, 2018
:D TYSM

TheNamesImani

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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