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Author Question: A profit maximizing single-price monopolist charges a price equal to A) average total cost. B) ... (Read 184 times)

jayhills49

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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.


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soda0602

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


jayhills49

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

chereeb

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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