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Author Question: Refer to the figure above. If the monopolist faces a constant marginal cost of 10, at what price ... (Read 87 times)

RODY.ELKHALIL

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on: Jun 29, 2018
Refer to the figure above. If the monopolist faces a constant marginal cost of 10, at what price should it sell its output?
 
  A) 2
  B) 10
  C) 12
  D) 14

Question 2

What best determines the price a price searcher will charge?
 
  A) Reputation
  B) Demand
  C) Revenue
  D) Cost


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billybob123

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

D

Answer to Question 2

B


RODY.ELKHALIL

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

Liamb2179

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

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