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Author Question: The monopoly maximizes profit by setting A) price equal to marginal cost. B) price equal to ... (Read 85 times)

leilurhhh

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The monopoly maximizes profit by setting
 
  A) price equal to marginal cost.
  B) price equal to marginal revenue.
  C) marginal revenue equal to marginal cost.
  D) marginal revenue equal to zero.

Question 2

Travel websites such as Travelocity tend to offer reservation services for multiple travel modes. This is because
 
  A) the firms have contractual obligations to offer reservations for airlines and railroads, for example.
  B) the firms have statutory obligations to offer reservations for airlines and railroads, for example.
  C) once the firm has the reservation technology for airlines, there are economies of scale in offering the same service for railroads.
  D) once the firm has the reservation technology for airlines, there are economies of scope in offering the same service for railroads.


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b614102004

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leilurhhh

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


AngeliqueG

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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