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Author Question: What is the name of the monopolist having a declining long-run average cost throughout the market? ... (Read 47 times)

P68T

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on: Jun 30, 2018
What is the name of the monopolist having a declining long-run average cost throughout the market?
 a. Monopolistic competition.
  b. Monopoly by legal barrier.
  c. Natural monopoly.
  d. Contrived monopoly.

Question 2

Assume the total utilities corresponding to the first four units of a product consumed are 8, 12, 14, 15, respectively. The marginal utility of the third unit consumed is:
 a. 2.
  b. 14.
  c. 3
  d. 34.


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parshano

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

c

Answer to Question 2

a


P68T

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

komodo7

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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