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Author Question: When a monopolist's marginal cost of production is zero: a. the deadweight loss is reduced. b. ... (Read 70 times)

krzymel

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on: Jun 30, 2018
When a monopolist's marginal cost of production is zero:
 a. the deadweight loss is reduced.
  b. production is lower than if marginal cost were positive.
  c. the price charged is higher than if marginal cost were positive.
  d. maximizing profit is same as maximizing revenue.

Question 2

When long-run average costs are declining for the entire range of demand, the firm is known as a(n):
 a. local monopoly.
  b. regulated monopoly.
  c. monopolistically competitive firm.
  d. natural monopoly.
  e. oligopoly.


fatboyy09

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

D

Answer to Question 2

d


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krzymel

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Reply #2 on: Jun 30, 2018
Correct answers!


fatboyy09

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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