« previous next »

Author Question: Which of the following is not a criticism of monopolies? a. They restrict output. b. They set ... (Read 36 times)

maychende

  • Hero Member
  • *****
  • Posts: 556
on: Jun 30, 2018
Which of the following is not a criticism of monopolies?
 a. They restrict output.
  b. They set price above the perfectly competitive level.
  c. They tend to be less innovative than firms in a competitive market.
  d. They exert a disproportionate amount of political influence.
  e. They reduce allocative efficiency through perfect price discrimination.

Question 2

For a perfectly competitive firm, price is identical to marginal revenue at every quantity.
 a. True
  b. False


anyusername12131

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

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

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

All computer systems perform four basic functions: input, processing, storage, and output. All computer systems perform four basic functions: input, processing, storage, and output.
U.S. Output and Productivity Growth, 1870–2007 U.S. Output and Productivity Growth, 1870–2007
Inferring Productivity from Data on Output and Factor Accumulation Inferring Productivity from Data on Output and Factor Accumulation
Calculator Output Calculator Output
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
The surface temperature of the star is 6000 K. At what wavelength is its light output a maximum The surface temperature of the star is 6000 K. At what wavelength is its light output a maximum
Video: Passive Smoke Exposure

For a complete list of videos, visit our video library