« previous next »

Author Question: _____ is the practice of using extra resources to compete for obtaining monopoly, and leads to ... (Read 38 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
on: Jun 30, 2018
_____ is the practice of using extra resources to compete for obtaining monopoly, and leads to _____.
 a. X-inefficiency; a deadweight loss
  b. Rent seeking; a deadweight loss
  c. X-inefficiency; a loss in producer surplus
  d. Rent seeking; a loss in producer surplus

Question 2

Which of the following is true of the demand curve faced by a monopolist?
 a. A monopolist's demand curve is infinitely elastic.
 b. A monopolist's demand curve is more elastic than a competitive firm's demand curve.
  c. A monopolist faces a relatively inelastic demand curve.
 d. A monopolist's demand curve coincides with its marginal revenue curve.
 e. A monopolist faces a positively sloped demand curve.


Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

This chart illustrates the “drip down” model of government. In this, politics is formed by the soc This chart illustrates the “drip down” model of government. In this, politics is formed by the soc
"Practice makes perfect" "Practice makes perfect"
Medication with the USP label (left) and without USP label (right). Practice Label “for ... Medication with the USP label (left) and without USP label (right). Practice Label “for ...
Connect the leads of the meter to contacts 30 and 87 of the relay socket. The reading of 4.7 ... Connect the leads of the meter to contacts 30 and 87 of the relay socket. The reading of 4.7 ...
Metallic Resources Metallic Resources
An athlete stretches a spring an extra 40.0 cm beyond its initial length. How much energy has ... An athlete stretches a spring an extra 40.0 cm beyond its initial length. How much energy has ...
Video: ETC Protein Complexes & Chemiosmosis (Total ATP Production and ATP Synthase)

For a complete list of videos, visit our video library