Compared to a monopolistic competitor, a monopoly producer who ...

[dollx]

Compared to a monopolistic competitor, a monopoly producer who was currently earning economic profits:
 a. would face a more elastic demand curve.
 b. would face a less elastic demand curve.
 c. could continue to earn economic profits for a longer period of time.
  d. would be characterized by both (b) and (c).

Question 2

According to economists, an individual who tries to derive utility from the consumption of a good without paying for it is called:
 a. a utility maximizer.
  b. a free rider.
  c. an opportunist.
  d. a profit maximizer.

[amandalm]

Answer to Question 1

d

Answer to Question 2

B

[dollx]

Thank you

[amandalm]

Happy to help you