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

Author Question: A monopolist has no supply curve because a. as demand changes, each output level can be consistent ... (Read 32 times)

mcmcdaniel

  • Hero Member
  • *****
  • Posts: 550
on: Jun 30, 2018
A monopolist has no supply curve because
 a. as demand changes, each output level can be consistent with more than one profit-maximizing price
  b. monopolists tend to restrict output
  c. monopolists have no marginal cost curve
  d. monopolists can charge any price they want
  e. as demand changes, the firm's profit-maximizing choice of output may change

Question 2

Which of the following is a likely result of the deregulation of the airline industry that might benefit consumers?
 a. a wage increase for union pilots
  b. a possible decline in airline safety
  c. one firm's emerging as an unregulated monopoly
  d. loss of service to unprofitable routes
  e. a decrease in air fares


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Anonymous

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

E


mcmcdaniel

  • Hero Member
  • *****
  • Posts: 550
Reply #2 on: Jun 30, 2018
Correct answers!


Anonymous

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Nuclear division at the DNA level Nuclear division at the DNA level
Titration Curve Titration Curve
Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
Changes in the Level of Education, 1975-2010 Changes in the Level of Education, 1975-2010
Denney's model ON actual level of performance on exercised and unexercised abilities Denney's model ON actual level of performance on exercised and unexercised abilities
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Video: Carbohydrate Metabolism: Introduction to renal processes and filtrate formation and composition

For a complete list of videos, visit our video library