Describe the supply curve in a monopoly market. What will be an ideal ...

Author Question: Describe the supply curve in a monopoly market. What will be an ideal ... (Read 62 times)

ssal

Hero Member
Posts: 572

on: Jun 29, 2018

Describe the supply curve in a monopoly market.

What will be an ideal response?

Question 2

Refer to Table 10-2. Using the table above, what is the approximate average annual growth rate from 2013 to 2016?

A) -1 B) 1 C) 2 D) 4

duy1981999

Sr. Member
Posts: 341

Reply #1 on: Jun 29, 2018

Answer to Question 1

The supply curve does not exist. The amount a monopolist supplies is the quantity where MR = MC where MR is determined by the shape of the demand curve.

Answer to Question 2

D

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

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?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.