The fundamental reason a single-price monopoly creates a ...

[123654777]

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

[skipfourms123]

Answer to Question 1

C

Answer to Question 2

C

[123654777]

Gracias!

[ryansturges]

Excellent