« previous next »

Author Question: A profit-maximizing monopolist a. never produces on the inelastic portion of the demand curve ... (Read 94 times)

faduma

  • Hero Member
  • *****
  • Posts: 528
on: Jun 30, 2018
A profit-maximizing monopolist
 a. never produces on the inelastic portion of the demand curve because it can increase profit by increasing output
  b. never produces on the inelastic portion of the demand curve because marginal revenue exceeds marginal cost
  c. always produces on the inelastic portion of the demand curve
  d. never produces on the elastic portion of the demand curve because there are no substitutes for the good it produces
  e. never produces on the inelastic portion of the demand curve because marginal revenue is negative there

Question 2

Which of the following is the best example of a natural monopoly?
 a. gold mining in the Colorado Rocky Mountains
  b. filmmaking in Hollywood
  c. electrical service to homes in Seattle
  d. production of film by Kodak
  e. production of computers by IBM


samiel-sayed

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

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.

Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus
The titration curve of phosphoric acid (H3PO4), a common buffer in biological sy The titration curve of phosphoric acid (H3PO4), a common buffer in biological sy
Frequency distribution curve: interpatient variability in drug response Frequency distribution curve: interpatient variability in drug response
A typical ECT sensor temperature versus voltage curve. A typical ECT sensor temperature versus voltage curve.
The Frequency Distribution Curve of a Drug The Frequency Distribution Curve of a Drug
Saturation curve for hemoglobin of humans, llamas, and other mammals. Saturation curve for hemoglobin of humans, llamas, and other mammals.
Video: B cells and antibodies

For a complete list of videos, visit our video library