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 22 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
YES! Correct, THANKS for helping me on my review

kjohnson

  • Member
  • Posts: 330
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

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?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

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
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
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
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
Which is TRUE about the alternation of generations cycle that is diagramed above? Which is TRUE about the alternation of generations cycle that is diagramed above?
Anterosuperior view of true pelvis (blue) Anterosuperior view of true pelvis (blue)
Video: Structure of a Ribosome

For a complete list of videos, visit our video library