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Author Question: If an unregulated monopolist operates in a market, then: a. customers will pay higher prices than ... (Read 62 times)

APUS57

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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.


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matt

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


APUS57

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Reply #2 on: Jun 30, 2018
Thank you :)


matt

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Reply #3 on: Jun 30, 2018
Happy to help you


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