Author Question: If a monopolist has zero marginal costs, it will produce a. in the range in which marginal revenue ... (Read 88 times)

swpotter12 · **on:** Jun 30, 2018

If a monopolist has zero marginal costs, it will produce
a. in the range in which marginal revenue is increasing.
b. the output at which total revenue is maximized.
c. at the point at which marginal revenue is zero.
d. Both (b) and (c).

Question 2

The abbreviation GATT stands for:
a. General Analysis of Taxes and Transfers.
b. General Agreement on Tariffs and Trade.
c. Government Agency for Trade and Transportation.
d. Government Agency for Treaties and Taxes.
e. General Agreement on Terms of Trade.