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Author Question: If a market is such that, at the market equilibrium quantity, the benefit of the last unit produced ... (Read 80 times)

jilianpiloj

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on: Jun 30, 2018
If a market is such that, at the market equilibrium quantity, the benefit of the last unit produced just equals its marginal cost
 a. it has earned a positive economic profit
  b. it has achieved productive efficiency
  c. it has achieved allocative efficiency
  d. it has achieved economies of scale
  e. there are further trades than can increase producer surplus

Question 2

United States Postal Service has successfully leveraged its monopoly power through
 a. online postage purchases
  b. delivery of Netflix DVDs
  c. an online bill-paying service
  d. a secure online document transmission service
  e. increasing third-class mail rates


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kusterl

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


jilianpiloj

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Reply #2 on: Jun 30, 2018
Thank you


kusterl

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Reply #3 on: Jun 30, 2018
No problemo


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