With average cost pricing, the monopolist A) earns no accounting profit. B) produces where P = ...

Author Question: With average cost pricing, the monopolist A) earns no accounting profit. B) produces where P = ... (Read 34 times)

cool

Hero Member
Posts: 570

on: Jun 29, 2018

With average cost pricing, the monopolist

A) earns no accounting profit.
B) produces where P = MC.
C) earns a normal rate of return for its shareholders.
D) does not cover opportunity costs.

Question 2

A characteristic of a public good is

A) rival consumption.
B) the exclusion principle.
C) the free-rider problem.
D) clear property rights.

fur

Sr. Member
Posts: 309

Reply #1 on: Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

C

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