« previous next »

Author Question: When a monopolist's marginal cost of production is zero: a. the deadweight loss is reduced. b. ... (Read 44 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?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Achondroplasia. The individual in this photograph has the reduced limb development that typifies thi Achondroplasia. The individual in this photograph has the reduced limb development that typifies thi
Production of Ethanol process Production of Ethanol process
ATP Production in Cardiac Muscle ATP Production in Cardiac Muscle
How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree? How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree?
Satellite data showing net primary production. Productivity is coded as red (highest) down through o Satellite data showing net primary production. Productivity is coded as red (highest) down through o
Loss of a Shoot Tip Ends Dormancy in Lateral Buds Loss of a Shoot Tip Ends Dormancy in Lateral Buds
Video: DNA Sequences - Dideoxy Sequencing

For a complete list of videos, visit our video library