In comparison with a perfect competition, a single-price ...

[geodog55]

In comparison with a perfect competition, a single-price monopolist with the same costs creates a ________ consumer surplus and makes a ________ economic profit.
 
  A) smaller; larger
  B) smaller; smaller
  C) larger; larger
  D) larger; smaller

Question 2

In the long run, monopolistically competitive firms produce where
 
  A) excess capacity exists.
  B) the markup is equal to zero.
  C) the demand curve has shifted so that it intersects the minimum average total cost point.
  D) average total cost is minimized.

[Laurenleakan]

Answer to Question 1

A

Answer to Question 2

A

[geodog55]

Thank you

[Laurenleakan]

Happy to help you