« previous next »

Author Question: A monopoly that is maximizing profits never operates in the ________ portion of the demand curve. ... (Read 95 times)

brutforce

  • Hero Member
  • *****
  • Posts: 540
on: Jul 1, 2018
A monopoly that is maximizing profits never operates in the ________ portion of the demand curve.
 
  A) unitary elastic
  B) elastic
  C) inelastic
  D) horizontal

Question 2

In a principal-agent problem, if the contract used leads to the maximum of the principal's and agent's combined value (profits, payoffs), we can say that this contract features
 
  A) inefficiency in production, since only the principal's profits should be maximized.
  B) inefficiency in production, since only the agent's payoffs should be maximized.
  C) efficiency in production.
  D) inefficiency in production, since the agent's payoffs should be maximized and the principal's profits should be minimized.


Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

brutforce

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jul 1, 2018
Thank you


Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

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

An inguinal hernia. A portion of the small intestine is protruding through the abdominal muscles int An inguinal hernia. A portion of the small intestine is protruding through the abdominal muscles int
The Radioactive Decay Curve The Radioactive Decay Curve
IQ scores form what mathematicians call a normal distribution "bell curve" IQ scores form what mathematicians call a normal distribution "bell curve"
Normal frequency distribution, characterized by a bell-shaped curve Normal frequency distribution, characterized by a bell-shaped curve
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ... A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...
The circadian rhythm is a wave-like curve The circadian rhythm is a wave-like curve
Video: Biological organic compounds

For a complete list of videos, visit our video library