This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A profit maximizing single-price monopolist charges a price equal to A) average total cost. B) ... (Read 170 times)

jayhills49

  • Hero Member
  • *****
  • Posts: 559
on: Jun 29, 2018
A profit maximizing single-price monopolist charges a price equal to
 
  A) average total cost.
  B) marginal revenue.
  C) the highest price consumers are willing to pay for the profit maximizing quantity.
  D) the price necessary for the firm to earn a normal return on its investment.

Question 2

If two duopolists can collude successfully, then both will
 
  A) earn greater profits than if they did not collude.
  B) price at marginal cost.
  C) price below average total cost.
  D) lower their economic profits.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

soda0602

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


jayhills49

  • Member
  • Posts: 559
Reply 2 on: Jun 29, 2018
Gracias!

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Total body water (TBW) Total body water (TBW)
These photos show a rat burying a test object from which it has just received a single mild shock. These photos show a rat burying a test object from which it has just received a single mild shock.
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Single-serve pods of infant formula Single-serve pods of infant formula
Three mechanics worked 15 1/2, 14 3/4, 18 1/8 hours respectively. What was the total Three mechanics worked 15 1/2, 14 3/4, 18 1/8 hours respectively. What was the total
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Language Areas Animation

For a complete list of videos, visit our video library