This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is inconsistent with a monopoly? a. a single seller b. a downward-sloping ... (Read 76 times)

ashley

  • Hero Member
  • *****
  • Posts: 584
on: Jun 30, 2018
Which of the following is inconsistent with a monopoly?
 a. a single seller
 b. a downward-sloping demand curve
  c. marginal revenue exceeds price
 d. a U-shaped average total cost curve

Question 2

If the world price is above the domestic no-trade equilibrium price, then with international trade, the shortage caused in the domestic market can be met by foreign imports.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bobsmith

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

False


ashley

  • Member
  • Posts: 584
Reply 2 on: Jun 30, 2018
Gracias!

mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Mendel's analyses of single-factor crosses Mendel's analyses of single-factor crosses
A properly mounted 12-lead, single channel ECG. A properly mounted 12-lead, single channel ECG.
Downward movement of the piston lowers the air pressure inside the combustion chamber. The pressure ... Downward movement of the piston lowers the air pressure inside the combustion chamber. The pressure ...
Single nucleotide polymorphisms (SNPs) are shown in red Single nucleotide polymorphisms (SNPs) are shown in red
Two examples of a single crossover between two nonsister chromatids Two examples of a single crossover between two nonsister chromatids
Multiple origins of replication on a single chromosome from Drosophila melanogaster Multiple origins of replication on a single chromosome from Drosophila melanogaster
Video: Cellular Respiration & Glucose Mobilization (Glucose transport & Phosphorylation of Glucose)

For a complete list of videos, visit our video library