In comparison to firms in other market structures, monopolists: ...

[naturalchemist]

In comparison to firms in other market structures, monopolists:
 
  A) maximize social surplus.
  B) encourage the entry and exit of new firms.
  C) set price lower than marginal revenue.
  D) produce goods that do not have close substitutes.

Question 2

Empiricism refers to using ________ to analyze the world.
 
  A) data
  B) beliefs
  C) traditions
  D) value judgments

[dajones82]

Answer to Question 1

D

Answer to Question 2

A

[naturalchemist]

TYSM

YES! Correct, THANKS for helping me on my review