This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Historical evidence suggests that monopolization of particular industries had led to lower prices. ... (Read 76 times)

khang

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
Historical evidence suggests that monopolization of particular industries had led to lower prices. In such cases the monopolists had reduced profit to increase welfare.
  Indicate whether the statement is true or false

Question 2

Economic efficiency is achieved when the price of a unit of a commodity is equal to the marginal cost of producing that unit.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

al

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

F

Answer to Question 2

True


khang

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Gracias!

okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Juglans nigra (Black Walnut tree) lower leaf surface Juglans nigra (Black Walnut tree) lower leaf surface
Evidence for big game hunting by archaic H. sapiens is suggested by the excavations at the Boxgrove Evidence for big game hunting by archaic H. sapiens is suggested by the excavations at the Boxgrove
Evidence of Retrieval of Visual Memories of Movement Evidence of Retrieval of Visual Memories of Movement
Emanuel Leutze’s Washington Crossing the Delaware (1851) is riddled with historical inaccuracies, mo Emanuel Leutze’s Washington Crossing the Delaware (1851) is riddled with historical inaccuracies, mo
Bones of the lower extremities. Bones of the lower extremities.
Shift to one side. Let the recipient’s arm hang down. Knead upper and lower arm muscles from ... Shift to one side. Let the recipient’s arm hang down. Knead upper and lower arm muscles from ...
Video: Febrile Seizure

For a complete list of videos, visit our video library