« previous next »

Author Question: Compared to a perfectly competitive firm, a monopolist: a. charges a higher price. b. produces ... (Read 64 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
Compared to a perfectly competitive firm, a monopolist:
 a. charges a higher price.
  b. produces lower output.
  c. fails to achieve an efficient allocation of resources.
  d. all of these.

Question 2

The total utility of a good is equal to the marginal utility of the last unit consumed.
 a. True
  b. False
  Indicate whether the statement is true or false


sarah_brady415

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Competitive inhibition Competitive inhibition
A compression gauge designed for the higher compression rate of a diesel engine should be used when ... A compression gauge designed for the higher compression rate of a diesel engine should be used when ...
Measuring the resistance of the ECT sensor. The resistance measurement can then be compared with ... Measuring the resistance of the ECT sensor. The resistance measurement can then be compared with ...
Gradient Flow:Upper air moving from areas of higher pressure to areas of lower pressure undergo ... Gradient Flow:Upper air moving from areas of higher pressure to areas of lower pressure undergo ...
An electrician charges a flat fee of $90 for a home service call. In addition he charges $25 ... An electrician charges a flat fee of $90 for a home service call. In addition he charges $25 ...
Flowchart illustrating how genetic information encoded in DNA produces protein Flowchart illustrating how genetic information encoded in DNA produces protein
Video: Embryonic development - Week 3

For a complete list of videos, visit our video library