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

Author Question: Which of the following does a monopoly control, that a perfectly competitive firm does not control? ... (Read 20 times)

Tirant22

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
Which of the following does a monopoly control, that a perfectly competitive firm does not control?
 a. how much to produce
  b. technology
  c. what price to charge
  d. what inputs to use
  e. plant size

Question 2

The rail system in Metropolis is a natural monopoly. If the government regulates the system by setting the fare equal to marginal cost, which of the following will be true?
 a. Price and output will be higher than if the monopoly were unregulated.
  b. Price and output will be lower than if the monopoly were unregulated.
  c. Price will be lower and output higher than if the monopoly were unregulated.
  d. Price will be higher and output lower than if the monopoly were unregulated.
  e. Profit will be lower than if the monopoly were unregulated, but price and output could either increase or decrease.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nikmaaacs

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


Tirant22

  • Member
  • Posts: 532
Reply 2 on: Jun 30, 2018
Excellent

brbarasa

  • Member
  • Posts: 308
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Genetic control of flower symmetry. Genetic control of flower symmetry.
The basal ganglia are clusters of gray matter that control learned movement and are involved with ... The basal ganglia are clusters of gray matter that control learned movement and are involved with ...
Emission Control Limit Emission Control Limit
Control of glycogen synthase activity Control of glycogen synthase activity
Control you knife with one hand and hold the item being cut with the other (1 of 3) Control you knife with one hand and hold the item being cut with the other (1 of 3)
Control you knife with one hand and hold the item being cut with the other (2 of 3) Control you knife with one hand and hold the item being cut with the other (2 of 3)
Video: Acid-base imbalances - metabolic acidosis and alkalosis

For a complete list of videos, visit our video library