This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A monopolist always ________ if its ATCschedule is everywhere above its demand schedule. (Read 54 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
on: Apr 19, 2019

Question 1

A monopolist will 
not change its current behavior


◦ even if total revenue does not cover variable costs.
◦ unless it earns positive economic profits in the long run.
◦ unless demand is greater than marginal revenue.
◦ if it earns positive economic profits in the long run.

Question 2

A monopolist always ________ if its 
ATC schedule is everywhere above its demand schedule.


◦ shuts down
◦ breaks even
◦ suffers a loss
◦ earns a positive profit
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by asmith134 on Apr 19, 2019

iceage

  • Guest
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


asmith134

  • Hero Member
  • *****
  • Posts: 576
Reply #2 on: Apr 19, 2019
Thank you!


iceage

  • Guest
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Immunizati​on Schedule Immunizati​on Schedule
Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
Example of a cycle billing schedule. Example of a cycle billing schedule.
China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
If 0.40 mol of NaN3 reacts completely in the reaction shown below, then ________ L of N2 will ... If 0.40 mol of NaN3 reacts completely in the reaction shown below, then ________ L of N2 will ...
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Video: The Lac Operon in E. Coli

For a complete list of videos, visit our video library