This topic contains a solution. Click here to go to the answer

Author Question: Which of the following falsely describes a nondiscriminating monopolist at profit maximization? a. ... (Read 57 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
Which of the following falsely describes a nondiscriminating monopolist at profit maximization?
 a. Price is greater than marginal cost.
  b. Economic profit is always positive.
  c. Marginal revenue is equal to marginal cost.
  d. Marginal revenue will typically be less than price.
  e. Average total cost will not be at a minimum.

Question 2

Between 1958 and 2000 . competition in the US has remained relatively constant.
 a. True
  b. False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lcapri7

  • Sr. Member
  • ****
  • Posts: 350
Answer to Question 1

B

Answer to Question 2

B




fnuegbu

  • Member
  • Posts: 539
Reply 2 on: Jun 30, 2018
Gracias!


Missbam101

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

For a complete list of videos, visit our video library