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Author Question: Monopolists do not worry about efficient production and cost saving since they can just pass along ... (Read 58 times)

fagboi

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on: Jun 30, 2018
Monopolists do not worry about efficient production and cost saving since they can just pass along any increase in costs to their consumers. Is this statement true? Explain your answer.

Question 2

The World Bank obtains the funds it lends by:
 a. selling bonds on the international bond market.
  b. selling bonds to countries it has loaned funds to.
  c. collecting each country's annual membership fee or quota.
  d. levying a small tax on every foreign exchange conversion worldwide.
  e. depending on voluntary subsidies from member nations.


zogaridan

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Reply #1 on: Jun 30, 2018
Answer to Question 1

This statement is not true. An increased cost, leading to an increase in price, will mean fewer sales, and thus lower profit. Alternatively, by reducing costs, a monopolist could increase its profit.

Answer to Question 2

a


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