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

Author Question: Suppose a monopolist cannot price discriminate. To maximize profit, it will a. always produce in ... (Read 85 times)

jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
Suppose a monopolist cannot price discriminate. To maximize profit, it will
 a. always produce in the inelastic range of its demand curve
  b. never produce in the elastic range of its demand curve
  c. never produce in the inelastic range of its demand curve
  d. never produce in the elastic range of its marginal cost curve
  e. produce in the elastic range of the marginal revenue curve

Question 2

Compared to the profit-maximizing outcome, average cost pricing in natural monopoly leads to
 a. all of the following
  b. a higher price
  c. decreased consumer surplus
  d. the elimination of economic profit
  e. less output



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

duy1981999

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

C

Answer to Question 2

D




jilianpiloj

  • Member
  • Posts: 521
Reply 2 on: Jun 30, 2018
:D TYSM


aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

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?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

For a complete list of videos, visit our video library