Compared to a single-price monopoly, the output of a perfectly ...

[littleanan]

Compared to a single-price monopoly, the output of a perfectly competitive market with the same costs
 
  A) is more than the monopoly's output.
  B) is the same as the monopoly's output.
  C) is less than the monopoly's output.
  D) could be more than, less than, or equal to the monopoly's output.

Question 2

Constellation Brands Inc is the world's biggest wine firm with 300-plus brands, from jug wines to coveted California reds, including the Clos du Bois, Geyser Peak and Woodbridge by Robert Mondavi labels.
 
  Based on this characteristic of firms, why would Constellation be more efficient than a market at coordinating economic activity? A) Constellation has economies of scope.
  B) Constellation has lower transaction costs.
  C) Constellation has economies of scale.
  D) Constellation has economies of team production.

[DHRUVSHAH]

Answer to Question 1

A

Answer to Question 2

A

[littleanan]

Thank you

[DHRUVSHAH]

No problemo