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Author Question: To earn an economic profit in the short-run, a monopolist sets marginal revenue equal to zero. a. ... (Read 53 times)

codyclark

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on: Jun 30, 2018
To earn an economic profit in the short-run, a monopolist sets marginal revenue equal to zero.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The substitution effect is the concept that changes in consumption of a good result from changes in the relative price of a competing good.
 a. True
  b. False
  Indicate whether the statement is true or false


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Smiles0805

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

False

Answer to Question 2

True


codyclark

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

emsimon14

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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