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Author Question: In comparison with a perfect competition, a single-price monopolist with the same costs creates a ... (Read 62 times)

geodog55

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on: Jun 29, 2018
In comparison with a perfect competition, a single-price monopolist with the same costs creates a ________ consumer surplus and makes a ________ economic profit.
 
  A) smaller; larger
  B) smaller; smaller
  C) larger; larger
  D) larger; smaller

Question 2

In the long run, monopolistically competitive firms produce where
 
  A) excess capacity exists.
  B) the markup is equal to zero.
  C) the demand curve has shifted so that it intersects the minimum average total cost point.
  D) average total cost is minimized.


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Laurenleakan

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


geodog55

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Reply #2 on: Jun 29, 2018
Thank you :)


Laurenleakan

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Reply #3 on: Jun 29, 2018
Happy to help you


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