Marginal cost is the change in the: A) total cost associated ...

[Ebrown]

Marginal cost is the change in the:
 
  A) total cost associated with producing one more unit of output.
  B) average total cost associated with producing one more unit of output
  C) average variable cost associated with producing one more unit of output.
  D) opportunity cost associated with producing one more unit of output.

Question 2

Which of the following firms is likely to have the highest market power?
 
  A) A perfectly competitive firm
  B) A monopolistic competitor
  C) A monopoly
  D) An oligopoly with homogeneous products

[Eazy416]

Answer to Question 1

A

Answer to Question 2

C

[Ebrown]

Great answer, keep it coming

[atrochim]

Thanks for the timely response, appreciate it