In the short run, a monopolist will shut down when a. average ...

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In the short run, a monopolist will shut down when
 a. average total cost is greater than price at all output levels
  b. average variable cost is greater than average fixed cost at all output levels
  c. price is greater than average variable cost at all output levels
  d. average fixed cost is greater than price at all output levels
  e. average variable cost is greater than price at all output levels

Question 2

Which of the following would fall under the rule of reason doctrine?
 a. General Motors colludes with Ford to fix the price of their cars
  b. Coke and Pepsi collude to limit the quantity of soft drinks on the market
  c. Intel dominates the market for computer processors with a 95 market share
  d. Reynolds American, Inc. and Lorillard, Inc. agree to limit the introduction of new cigarette brands
  e. two local restaurants agree to increase their prices by 10

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Answer to Question 1

E

Answer to Question 2

C

[ssal]

TYSM

[LegendaryAnswers]

Excellent