Author Question: In both monopolistic competition and non-price-discriminating monopoly, a. the marginal revenue ... (Read 67 times)

ashley · **on:** Jun 30, 2018

In both monopolistic competition and non-price-discriminating monopoly,
a. the marginal revenue curve lies above the average revenue curve
b. the marginal revenue curve lies above the demand curve
c. the marginal revenue curve lies below the demand curve
d. marginal revenue is equal to average revenue
e. marginal revenue is equal to price

Question 2

A public good, such as a community's emergency warning sirens, typically
a. imposes benefits on only a few individuals but imposes costs on many people
b. imposes both benefits and costs on relatively few individuals
c. imposes benefits on many individuals but imposes the costs on relatively few people
d. imposes both benefits and costs on many individuals
e. only imposes costs on individuals when logrolling is prevalent in the government