« previous next »

Author Question: Compared to a perfectly competitive firm, a monopolist: a. charges a higher price. b. produces ... (Read 38 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
Compared to a perfectly competitive firm, a monopolist:
 a. charges a higher price.
  b. produces lower output.
  c. fails to achieve an efficient allocation of resources.
  d. all of these.

Question 2

The total utility of a good is equal to the marginal utility of the last unit consumed.
 a. True
  b. False
  Indicate whether the statement is true or false


sarah_brady415

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

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.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Eye ball perfectly labelled (map) Eye ball perfectly labelled (map)
This map shows the percentage of Protestants by state in Germany. When compared to the previous map This map shows the percentage of Protestants by state in Germany. When compared to the previous map
Monozygotic twins’ scores for five personality factors show higher correlations than scores for ... Monozygotic twins’ scores for five personality factors show higher correlations than scores for ...
Osmosis: Water moves from an area of low solute concentration to an area of higher solute ... Osmosis: Water moves from an area of low solute concentration to an area of higher solute ...
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
Two tiny particles having charges of +7.00 μC and -9.00 μC are placed along the y-axis. The ... Two tiny particles having charges of +7.00 μC and -9.00 μC are placed along the y-axis. The ...
Video: Polymerase chain reaction PCR - Animation

For a complete list of videos, visit our video library