Author Question: Compared to a perfectly competitive firm, a monopolist: a. charges a higher price. b. produces ... (Read 63 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
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
Answer to Question 1

d

Answer to Question 2

False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

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?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

For a complete list of videos, visit our video library