This topic contains a solution. Click here to go to the answer

Author Question: Which of the following is inconsistent with a monopoly? a. a single seller b. a downward-sloping ... (Read 90 times)

ashley

  • Hero Member
  • *****
  • Posts: 584
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
Answer to Question 1

c

Answer to Question 2

False




ashley

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


ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
Excellent

 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

For a complete list of videos, visit our video library