« previous next »

Author Question: Compared to a perfectly competitive firm, a monopolist: a. charges a higher price. b. produces ... (Read 71 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?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Faulty outlooping produces lambda phage containing bacterial DNA Faulty outlooping produces lambda phage containing bacterial DNA
Evolution of the Sun's luminosity, radius and effective temperature compared to the present Sun Evolution of the Sun's luminosity, radius and effective temperature compared to the present Sun
Dissolution of the Geosphere Produces Karst Terrain Dissolution of the Geosphere Produces Karst Terrain
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 ...
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
DNA and RNA compared DNA and RNA compared
Video: Interview with an Anorexic Woman (Part 2 of 2)

For a complete list of videos, visit our video library