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 94 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
:D TYSM

meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

A historical timeline of regulatory acts, standards, and organizations A historical timeline of regulatory acts, standards, and organizations
The risk of dying before the age of 65 gets lower as family income gets higher. The risk of dying before the age of 65 gets lower as family income gets higher.
The lower respiratory tract and the process of gas exchange. The lower respiratory tract and the process of gas exchange.
The upper intake manifold, often called a plenum, attaches to the lower intake manifold. The upper intake manifold, often called a plenum, attaches to the lower intake manifold.
Gradient Flow:Upper air moving from areas of higher pressure to areas of lower pressure undergo ... Gradient Flow:Upper air moving from areas of higher pressure to areas of lower pressure undergo ...
Video: Four Giant Convection Cells oF Earth

For a complete list of videos, visit our video library