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

Author Question: Why is monopoly allocatively inefficient? (Read 62 times)

Gabby

  • Full Member
  • ***
  • Posts: 153
on: Oct 12, 2022
Why is monopoly allocatively inefficient?
◦ because the firm has no incentive to maximize profits
◦ because the marginal cost exceeds the average cost for the last unit produced
◦ because the opportunity cost exceeds the marginal cost of the last unit produced
◦ because the price exceeds the marginal cost of the last unit produced
◦ because lower costs could be achieved
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Gabby on Oct 12, 2022

senorfranco

  • Full Member
  • ***
  • Posts: 164
Reply #1 on: Oct 12, 2022
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 39% of students answer this correctly


Gabby

  • Member
  • Posts: 153
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

kjohnson

  • Member
  • Posts: 330
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt
Inefficient irrigation wastes water Inefficient irrigation wastes water
Conventional cars are extremely inefficient Conventional cars are extremely inefficient
The production of electricity from coal is inefficient The production of electricity from coal is inefficient
Video: DNA Sequences - Dideoxy Sequencing

For a complete list of videos, visit our video library