« previous next »

Author Question: When a monopolist's marginal cost of production is zero: a. the deadweight loss is reduced. b. ... (Read 76 times)

krzymel

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
When a monopolist's marginal cost of production is zero:
 a. the deadweight loss is reduced.
  b. production is lower than if marginal cost were positive.
  c. the price charged is higher than if marginal cost were positive.
  d. maximizing profit is same as maximizing revenue.

Question 2

When long-run average costs are declining for the entire range of demand, the firm is known as a(n):
 a. local monopoly.
  b. regulated monopoly.
  c. monopolistically competitive firm.
  d. natural monopoly.
  e. oligopoly.


fatboyy09

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

krzymel

  • Hero Member
  • *****
  • Posts: 548
Reply #2 on: Jun 30, 2018
Correct answers!


fatboyy09

  • Sr. Member
  • ****
  • Posts: 358
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Abiotic production of biomolecules Abiotic production of biomolecules
Pathway of urine production and elimination. Pathway of urine production and elimination.
The use of antispasmodics, which block release of Ach or calcium, can result in reduced pain as well ... The use of antispasmodics, which block release of Ach or calcium, can result in reduced pain as well ...
Production-scale tangential flow filtration system. Production-scale tangential flow filtration system.
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Electricity production accounts for 25% of greenhouse gas emissions Electricity production accounts for 25% of greenhouse gas emissions
Video: Physiology of Asthma

For a complete list of videos, visit our video library