Author Question: When a monopolist sells positive levels of output, its demand curve: A) lies below its marginal ... (Read 82 times)

leo leo · **on:** Jun 29, 2018

When a monopolist sells positive levels of output, its demand curve:

A) lies below its marginal revenue curve.
B) lies above its marginal revenue curve.
C) and marginal revenue curve overlap
D) is vertical while its marginal revenue curve is horizontal.

Question 2

A system of property rights

A) encourages economic growth by creating incentives to invest in capital and to be innovative.
B) discourages economic growth by discouraging the development of new ideas and ways of doing things.
C) reduces the efficiency of government, which reduces the growth rate of the economy over time.
D) encourages investment but discourages entrepreneurial activity, so the effect on economic growth is uncertain.