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

Author Question: Which of the following is inconsistent with a monopoly? a. a single seller b. a downward-sloping ... (Read 36 times)

ashley

  • Hero Member
  • *****
  • Posts: 584
on: Jun 30, 2018
Which of the following is inconsistent with a monopoly?
 a. a single seller
 b. a downward-sloping demand curve
  c. marginal revenue exceeds price
 d. a U-shaped average total cost curve

Question 2

If the world price is above the domestic no-trade equilibrium price, then with international trade, the shortage caused in the domestic market can be met by foreign imports.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bobsmith

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

False


ashley

  • Member
  • Posts: 584
Reply 2 on: Jun 30, 2018
Excellent

ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Environmental influences on the expression of PKU within a single family Environmental influences on the expression of PKU within a single family
Model for the events occurring around a single replication fork Model for the events occurring around a single replication fork
A single base substitution leading to a single amino acid substitution in the hemoglobin beta chain A single base substitution leading to a single amino acid substitution in the hemoglobin beta chain
#38.Genetically identical organisms derived from a single genetic source are #39 #38.Genetically identical organisms derived from a single genetic source are #39
Single-serve pods of infant formula Single-serve pods of infant formula
What single payment one year from now would be economically equivalent to payments of $1,000 ... What single payment one year from now would be economically equivalent to payments of $1,000 ...
Video: Semidiscontinuous DNA replication

For a complete list of videos, visit our video library