Author Question: The fundamental reason a single-price monopoly creates a deadweight loss is that compared to the ... (Read 76 times)

123654777 · **on:** Jun 29, 2018

The fundamental reason a single-price monopoly creates a deadweight loss is that compared to the efficient outcome, the single-price monopoly

A) raises variable cost.
B) raises fixed cost.
C) restricts output.
D) reduces the elasticity of demand.

Question 2

The above table gives some of the costs of the Delicious Pie Company. The marginal cost of increasing pie output from 200 to 300 pies equals ________ per pie.

A) 1.800
B) 1,000
C) 8
D) 6