Describe the supply curve in a monopoly market. What will be an ideal ...

Author Question: Describe the supply curve in a monopoly market. What will be an ideal ... (Read 49 times)

ssal

Hero Member
Posts: 572

on: Jun 29, 2018

Describe the supply curve in a monopoly market.

What will be an ideal response?

Question 2

Refer to Table 10-2. Using the table above, what is the approximate average annual growth rate from 2013 to 2016?

A) -1 B) 1 C) 2 D) 4

duy1981999

Sr. Member
Posts: 341

Reply #1 on: Jun 29, 2018

Answer to Question 1

The supply curve does not exist. The amount a monopolist supplies is the quantity where MR = MC where MR is determined by the shape of the demand curve.

Answer to Question 2

D

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

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?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.