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

Author Question: Suppose a monopolist cannot price discriminate. To maximize profit, it will a. always produce in ... (Read 51 times)

jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
on: Jun 30, 2018
Suppose a monopolist cannot price discriminate. To maximize profit, it will
 a. always produce in the inelastic range of its demand curve
  b. never produce in the elastic range of its demand curve
  c. never produce in the inelastic range of its demand curve
  d. never produce in the elastic range of its marginal cost curve
  e. produce in the elastic range of the marginal revenue curve

Question 2

Compared to the profit-maximizing outcome, average cost pricing in natural monopoly leads to
 a. all of the following
  b. a higher price
  c. decreased consumer surplus
  d. the elimination of economic profit
  e. less output


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

duy1981999

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


jilianpiloj

  • Member
  • Posts: 521
Reply 2 on: Jun 30, 2018
Gracias!

tanna.moeller

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

The two TP sensors used on the throttle body of an electronic throttle body assembly produce ... The two TP sensors used on the throttle body of an electronic throttle body assembly produce ...
Profit-maximizing Chart Profit-maximizing Chart
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
Nitrogen dioxide decomposes at 300°C via a second-order process to produce nitrogen monoxide ... Nitrogen dioxide decomposes at 300°C via a second-order process to produce nitrogen monoxide ...
A pedigree for an X-linked dominant trait. Affected males produce all affected daughters and no affe A pedigree for an X-linked dominant trait. Affected males produce all affected daughters and no affe
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Hyperglycemia Animation

For a complete list of videos, visit our video library