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Author Question: If a firm is able to influence its price, A) it is a monopoly. B) it has constant marginal ... (Read 42 times)

Starlight

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If a firm is able to influence its price,
 
  A) it is a monopoly.
  B) it has constant marginal revenue.
  C) it sells its output at a constant price.
  D) it faces a downward-sloping demand curve.

Question 2

Many universities have either a top football program OR a top basketball program. Very few have both. These results suggest the presence of
 
  A) economies of scope.
  B) diseconomies of scope.
  C) returns to scale.
  D) the law of diminishing marginal returns.


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CAPTAINAMERICA

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Starlight

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


nathang24

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Reply 3 on: Yesterday
Excellent

 

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