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

Author Question: A profit maximizing single-price monopolist charges a price equal to A) average total cost. B) ... (Read 148 times)

jayhills49

  • Hero Member
  • *****
  • Posts: 559
on: Jun 29, 2018
A profit maximizing single-price monopolist charges a price equal to
 
  A) average total cost.
  B) marginal revenue.
  C) the highest price consumers are willing to pay for the profit maximizing quantity.
  D) the price necessary for the firm to earn a normal return on its investment.

Question 2

If two duopolists can collude successfully, then both will
 
  A) earn greater profits than if they did not collude.
  B) price at marginal cost.
  C) price below average total cost.
  D) lower their economic profits.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

soda0602

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


jayhills49

  • Member
  • Posts: 559
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

chjcharjto14

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Demonstration of equal segregation within one meiocyte in the yeast S. cerevisiae Demonstration of equal segregation within one meiocyte in the yeast S. cerevisiae
Demonstration of equal segregation within one meiocyte in the yeast S. cerevisiae Demonstration of equal segregation within one meiocyte in the yeast S. cerevisiae
Selected Complications of Total Parenteral Nutrition Selected Complications of Total Parenteral Nutrition
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
Some obesity genes in the human genome. The green triangles represent single genes in which obesity Some obesity genes in the human genome. The green triangles represent single genes in which obesity
Multiple origins of replication on a single chromosome from Drosophila melanogaster Multiple origins of replication on a single chromosome from Drosophila melanogaster
Video: How antibiotics works? 💊

For a complete list of videos, visit our video library