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

Author Question: If an unregulated monopolist operates in a market, then: a. customers will pay higher prices than ... (Read 38 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
If an unregulated monopolist operates in a market, then:
 a. customers will pay higher prices than if the market were competitive.
 b. customers will purchase fewer units of output than if the market were competitive.
  c. society will not be allocating its resources efficiently.
 d. all of the above will occur.

Question 2

If average costs of production decline with increases in output for a particular large firm in an industry:
 a. many small firms will be more efficient than the single large firm in the industry.
  b. the single large firm will be more efficient than many small firms in the industry.
  c. product diversification will be necessary for the firm to spread its overhead.
  d. diseconomies of scale become significant as its output increases.
  e. its variable cost of production will exceed its fixed costs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

matt

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

d

Answer to Question 2

b


APUS57

  • Hero Member
  • *****
  • Posts: 571
Reply #2 on: Jun 30, 2018
Thank you :)


matt

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Roots of the keystone species hypothesis: does a higher proportion of predators in diverse communiti Roots of the keystone species hypothesis: does a higher proportion of predators in diverse communiti
Potency and efficacy: (a) drug A has a higher potency than drug B; (b) drug A has a higher efficacy Potency and efficacy: (a) drug A has a higher potency than drug B; (b) drug A has a higher efficacy
A typical camshaft-driven high-pressure pump used to increase fuel pressure to 2,000 PSI or higher. A typical camshaft-driven high-pressure pump used to increase fuel pressure to 2,000 PSI or higher.
How to use implicit differentiation with higher order derivatives How to use implicit differentiation with higher order derivatives
Parents who have higher levels of education encourage their children to be educated Parents who have higher levels of education encourage their children to be educated
Iraqi market Iraqi market
Video: Introduction to Insulin

For a complete list of videos, visit our video library