Which of the following is inconsistent with a monopoly? a. a ...

[ashley]

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

[bobsmith]

Answer to Question 1

c

Answer to Question 2

False

[ashley]

Gracias!

[olderstudent]

Thanks for the timely response, appreciate it