When a monopolist's marginal cost of production is zero: a. the ...

[krzymel]

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]

Answer to Question 1

D

Answer to Question 2

d

[krzymel]

Correct answers!

[fatboyy09]

Great! Please up vote