This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is true at the profit-maximizing quantity for a nondiscriminating monopolist but not true of a ... (Read 97 times)

jwb375

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
What is true at the profit-maximizing quantity for a nondiscriminating monopolist but not true of a perfectly competitive firm?
 a. Price equals marginal cost.
  b. Price is greater than marginal cost.
  c. Marginal revenue equals marginal cost.
  d. Marginal revenue is less than marginal cost.
  e. Marginal revenue is greater than average revenue.

Question 2

The Sherman Act
 a. prohibited restraint of trade
  b. created the Federal Trade Commission
  c. prohibited fraudulent advertising
  d. regulated the railroads
  e. exempted insurance companies from antitrust law


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ju

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


jwb375

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 30, 2018
Thank you :)


ju

  • Sr. Member
  • ****
  • Posts: 325
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

True-color view of Mars seen through NASA's Hubble Space Telescope in 1999 True-color view of Mars seen through NASA's Hubble Space Telescope in 1999
True Friendship True Friendship
Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
Testing Infant’s Understanding of Quantity Testing Infant’s Understanding of Quantity
Profit-maximizing Chart Profit-maximizing Chart
True Dover Sole True Dover Sole
Video: Coronary Heart Disease

For a complete list of videos, visit our video library