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

Author Question: A profit-maximizing monopolist will never produce at an output level where: a. demand is elastic. ... (Read 21 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
on: Jun 30, 2018
A profit-maximizing monopolist will never produce at an output level where:
 a. demand is elastic.
 b. it suffers economic losses in the short run.
  c. demand is inelastic.
 d. marginal cost is less than average total cost.

Question 2

Protection provided to the infant industries is rarely withdrawn because:
 a. the costs of withdrawing protection outweigh the benefits.
  b. the industries begin to experience diseconomies of scale.
  c. it leads to a loss of government revenue.
  d. the industries produce goods which are close substitutes of the imported goods.
  e. the larger and more successful the industry becomes, the more political power it wields.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

choc0chan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

e


burchfield96

  • Member
  • Posts: 610
Reply 2 on: Jun 30, 2018
:D TYSM

robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Nuclear division at the DNA level Nuclear division at the DNA level
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Shy children often have a high arousal level in novel social situations. Over time, parents can help ... Shy children often have a high arousal level in novel social situations. Over time, parents can help ...
Examples of the most common X-ray positions and the images they produce. Examples of the most common X-ray positions and the images they produce.
The primary response causes B cells to produce memory B cells and a few antibodies. The second ... The primary response causes B cells to produce memory B cells and a few antibodies. The second ...
Examples of Basic-Level, Subordinate, and Superordinate Concepts Examples of Basic-Level, Subordinate, and Superordinate Concepts
Video: Cortisol (protein catabolism, gluconeogenesis, vasoconstriction & anti-inflammation)

For a complete list of videos, visit our video library