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Author Question: Because of a patent, Alcoa is the only manufacturer of soda cans with a stay-put tab. Alcoa can earn ... (Read 108 times)

tfester

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on: Apr 19, 2019

Question 1

A monopolist's supply of a good is


◦ dependent on the monopolist's demand curve and its marginal cost curve.
◦ given by the portion of the monopolist's marginal cost curve that lies above the average variable cost curve.
◦ independent of the monopolist's demand curve.
◦ given by the portion of the monopolist's average variable cost curve that lies above the marginal cost curve.

Question 2

Because of a patent, Alcoa is the only manufacturer of soda cans with a stay-put tab. Alcoa can earn a profit on the sale of soda cans with stay-put tabs


◦ in the short run but not in the long run because new firms will enter the industry in the long run.
◦ only in the long run because government regulations prevent monopolists from earning profits in the short run.
◦ in the long run but not the short run because the monopolist will face competition in the short run.
◦ in the long run because entry into the industry by new firms is blocked until the patent expires.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by tfester on Apr 19, 2019

millet

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tfester

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Reply #2 on: Apr 19, 2019
TY


millet

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Reply #3 on: Apr 19, 2019
You're welcome


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