Monopolies exist for each of the following reasons, EXCEPT:
a. competitors are legally unable to challenge them.
b. they have control over resources with very few good substitutes.
c. it is sometimes inefficient to have competition in certain markets.
d. it increases both producer and consumer surplus.
Question 2
A monopolist maximizes profit:
a. by charging the highest possible price on the demand curve.
b. by charging a price that equals its marginal cost.
c. by producing a level of output where the average-cost curve intersects the demand curve.
d. by producing a level of output where marginal revenue equals marginal cost.
e. by charging a price equal to its average total cost.
A biological profile from the bony remains of an individual may be preferable to a DNA profile for a
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Selected Pediatric Drugs for Which Specific Indications and Dosage Guidelines Exist
Hexoses exist in boat and chair conformations
Evaluate the following limits, if they exist - Pt 2
Computer reconstructions of the diversity in neurons that exist across species