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Author Question: Which of the following is not generally true about a profit-maximizing monopolist? a. The ... (Read 82 times)

pane00

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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.


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katieost

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

a

Answer to Question 2

d


pane00

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

scottmt

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Reply 3 on: Yesterday
Excellent

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