A single-price monopolist produces a ________ quantity than a ...

[asmith134]

A single-price monopolist produces a ________ quantity than a perfectly competitive market with the same costs and charges a ________ price than the perfectly competitive market.
 
  A) greater; higher
  B) greater; lower
  C) lesser; lower
  D) lesser; higher

Question 2

Nicole is indifferent between option A, which gives her 20,000 for sure, and option B, which gives her 10,000 with probability 0.5 or 32,000 with probability 0.5. Nicole's cost of risk for option B is
 
  A) zero.
  B) 1,000.
  C) 2,000.
  D) 20,000.

[InfiniteSteez]

Answer to Question 1

D

Answer to Question 2

B

[asmith134]

Correct answers!

[InfiniteSteez]

Great! Please up vote