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

Author Question: Which of the following is not generally true about a profit-maximizing monopolist? a. The ... (Read 81 times)

pane00

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
Which of the following is not generally true about a profit-maximizing monopolist?
 a. The monopolist faces a perfectly elastic demand curve.
 b. The monopolist can potentially continue to earn economic profits in the long run.
  c. The monopolist charges a price that exceeds marginal cost.
 d. The monopolist chooses output where marginal revenue equals marginal cost.

Question 2

It is often argued that if foreign goods are kept out of the domestic economy:
 a. jobs will be lost at home.
  b. jobs will be created abroad.
  c. domestic consumers will enjoy product surpluses.
  d. jobs will be created at home.
  e. foreign consumers will suffer product shortages.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

katieost

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


pane00

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

JaynaD87

  • Member
  • Posts: 368
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
The bobcat population has seen declines in the American Midwest, but is generally stable and healthy The bobcat population has seen declines in the American Midwest, but is generally stable and healthy
The tolerance of male lions towards the cubs varies. They are, however, generally more likely to sha The tolerance of male lions towards the cubs varies. They are, however, generally more likely to sha
TrUe....FaLsE TrUe....FaLsE
Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
Video: Dorsal Recumbent Position

For a complete list of videos, visit our video library