Historical evidence suggests that monopolization of particular ...

[khang]

Historical evidence suggests that monopolization of particular industries had led to lower prices. In such cases the monopolists had reduced profit to increase welfare.
  Indicate whether the statement is true or false

Question 2

Economic efficiency is achieved when the price of a unit of a commodity is equal to the marginal cost of producing that unit.
 a. True
  b. False
  Indicate whether the statement is true or false

[al]

Answer to Question 1

F

Answer to Question 2

True

[khang]

Wow, this really help

[aruss1303]

Thanks for the timely response, appreciate it