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

Author Question: Monopolists are criticized because they are inefficient. What is meant by this statement? a. ... (Read 87 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
on: Jun 30, 2018
Monopolists are criticized because they are inefficient. What is meant by this statement?
 a. Monopolists charge too high a price.
  b. Monopolists don't innovate enough to control pollution.
  c. Monopolists produce a large quantity of waste.
  d. Monopolists usually don't produce at the minimum of the ATC.
  e. Monopolists could use their resources better elsewhere.

Question 2

As an individual consumes more of a good, the marginal utility of that good declines.
 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

coyin

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


Arii_bell

  • Hero Member
  • *****
  • Posts: 596
Reply #2 on: Jun 30, 2018
Thank you


coyin

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Example of an Explanation of Benefits statement. Example of an Explanation of Benefits statement.
Example of a patient statement. Example of a patient statement.
Example of Reconciling a Bank Statement Example of Reconciling a Bank Statement
Conventional cars are extremely inefficient Conventional cars are extremely inefficient
This isn’t exactly what’s meant by the phrase “You are what you eat,” but it’s close This isn’t exactly what’s meant by the phrase “You are what you eat,” but it’s close
The production of electricity from coal is inefficient The production of electricity from coal is inefficient
Video: Blood Test Basics

For a complete list of videos, visit our video library