Author Question: Which is an ironic solution to the government protected monopoly? A) The government might try to ... (Read 84 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
Which is an ironic solution to the government protected monopoly?
 
  A) The government might try to force less competition in the market.
  B) The government might do more by doing less, i.e., by removing the monopoly's protection.
  C) The dead weight loss goes to the government.
  D) The inherent unfairness of monopoly can only be solved by dictatorship.

Question 2

Firms in long-run perfect competition produce at
 
  A) increasing returns to scale.
  B) decreasing returns to scale.
  C) constant returns to scale.
  D) no returns to scale.


Sophiapenny

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

For a complete list of videos, visit our video library