Author Question: A monopolist maximizes total revenue at the quantity where marginal revenue equals zero. a. True ... (Read 106 times)

mp14 · **on:** Jun 30, 2018

A monopolist maximizes total revenue at the quantity where marginal revenue equals zero.
a. True
b. False

Question 2

Economic regulation of business is justified if, by intervening, government can
a. improve the allocation of resources in society
b. create economic rents for special interest groups
c. reduce output and increase prices for an industry
d. increase tax revenue from the regulated industry
e. force firms to increase their costs of production