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Author Question: A perfect price discriminating monopoly produces the same quantity of output as a ________. A) ... (Read 306 times)

lak

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on: Jun 29, 2018
A perfect price discriminating monopoly produces the same quantity of output as a ________.
 
  A) single-price monopoly but charges a higher price
  B) perfectly competitive market
  C) perfectly competitive firm
  D) perfectly competitive market but charges a lower price

Question 2

The figure above shows the marginal revenue and long-run cost curves for a perfectly competitive firm. Which of the following statements is TRUE?
 
  A) The firm is producing at minimum long-run average cost.
  B) Over time, this firm will leave this industry.
  C) The firm is earning positive economic profit.
  D) The firm will eventually decrease its production.


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mcomstock09

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


lak

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Reply #2 on: Jun 29, 2018
Thank you :)


mcomstock09

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Reply #3 on: Jun 29, 2018
Happy to help you


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