This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the drawback of forcing a natural monopolist to use a marginal cost pricing rule? A) No ... (Read 123 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
on: Jun 29, 2018
What is the drawback of forcing a natural monopolist to use a marginal cost pricing rule?
 
  A) No deadweight loss is eliminated.
  B) The firm will incur an economic loss.
  C) The gain in consumer surplus will be less than the loss in producer surplus, thus creating additional deadweight loss.
  D) None of the above answers is correct.

Question 2

The table above shows the marginal costs and marginal benefits of college education. If the market for college education is perfectly competitive and unregulated, at the equilibrium quantity, the marginal social benefit is
 
  A) zero.
  B) 14,000.
  C) 19,000.
  D) 16,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sultana.d

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


skymedlock

  • Member
  • Posts: 561
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Structural similarities between antimetabolites and their natural counterparts Structural similarities between antimetabolites and their natural counterparts
Natural Products Natural Products
A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ... A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ...
Typical Startup Cost Categories Typical Startup Cost Categories
Find the derivative using the power rule Q2 Find the derivative using the power rule Q2
Find derivative using chain rule Find derivative using chain rule
Video: Diversity of Living Creatures - Charles Darwin & the Beagle's Voyage

For a complete list of videos, visit our video library