Author Question: With average cost pricing, the monopolist A) earns no accounting profit. B) produces where P = ... (Read 64 times)

cool

  • Hero Member
  • *****
  • Posts: 570
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
Answer to Question 1

C

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

For a complete list of videos, visit our video library