Author Question: Ceteris paribus, in which of the following cases would we expect economic profits to be greatest? ... (Read 63 times)

fox · **on:** Jun 30, 2018

Ceteris paribus, in which of the following cases would we expect economic profits to be greatest?
a. an unregulated monopolist who is able to price discriminate.
b. an unregulated monopolist who is unable to price discriminate.
c. a regulated monopolist required to charge a price no greater than marginal cost.
d. a regulated monopolist required to charge a price no greater than average cost.

Question 2

The gold standard fixes the:
a. future price of gold in terms of silver.
b. price of gold in terms of international currencies.
c. future price of silver in terms of gold.
d. money supply in terms of paper currency.
e. past exchange rate and the future exchange rate.