Which of the following statements applies to a monopolist but not ...

[NguyenJ]

Which of the following statements applies to a monopolist but not to a perfectly competitive firm at their profit-maximizing outputs?
 
  A) Average revenue equals average cost. B) Marginal revenue is less than price.
  C) Price equals marginal cost. D) Marginal revenue equals marginal cost.

Question 2

The network of devices directly communicating data to a computer without a person having to enter the data is known as
 
  A) the Internet of Things. B) Big Data.
  C) Synergistic Communications. D) Artificial Intelligence.

[smrtceo]

Answer to Question 1

B

Answer to Question 2

A

[NguyenJ]

Thank you

[smrtceo]

No problemo