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

Author Question: Monopolists are criticized because they are inefficient. What is meant by this statement? a. ... (Read 82 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
on: Jun 30, 2018
Monopolists are criticized because they are inefficient. What is meant by this statement?
 a. Monopolists charge too high a price.
  b. Monopolists don't innovate enough to control pollution.
  c. Monopolists produce a large quantity of waste.
  d. Monopolists usually don't produce at the minimum of the ATC.
  e. Monopolists could use their resources better elsewhere.

Question 2

As an individual consumes more of a good, the marginal utility of that good declines.
 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

coyin

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


Arii_bell

  • Hero Member
  • *****
  • Posts: 596
Reply #2 on: Jun 30, 2018
Thank you


coyin

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

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?

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.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

The correct statement about hormones-insulin and glucagon The correct statement about hormones-insulin and glucagon
Example of Reconciling a Bank Statement Example of Reconciling a Bank Statement
Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
Inefficient irrigation wastes water Inefficient irrigation wastes water
Conventional cars are extremely inefficient Conventional cars are extremely inefficient
Video: Second Messengers in the Inositol-lipid Signaling Pathway

For a complete list of videos, visit our video library