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

Author Question: If the average total cost curve is always above the demand curve of a monopolist: a. that ... (Read 109 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
on: Jun 30, 2018
If the average total cost curve is always above the demand curve of a monopolist:
 a. that monopolist will suffer economic losses.
 b. entry will occur, forcing the monopolist to reduce price and expand output.
  c. the monopolist will earn an economic profit.
 d. the monopolist must be producing inefficiently.

Question 2

The human skills theory is similar to the factor abundance theory of explaining the source of comparative advantage, except that the former concentrates only on different aspects of labor.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cdmart10

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


nevelica

  • Hero Member
  • *****
  • Posts: 563
Reply #2 on: Jun 30, 2018
Thank you :)


cdmart10

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

The oxygen isotope curve illustrates the ratio between 16O and 18O. The oxygen isotope curve illustrates the ratio between 16O and 18O.
Total body water (TBW) Total body water (TBW)
Frequency distribution curve: interpatient variability in drug response. Frequency distribution curve: interpatient variability in drug response.
A Scatterplot of the Test Scores and Average Grades of 10 Students A Scatterplot of the Test Scores and Average Grades of 10 Students
At what speed does Grogzetti need to take the curve to avoid sliding? At what speed does Grogzetti need to take the curve to avoid sliding?
A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ... A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ...
Video: Stretch reflex & Tendon reflex

For a complete list of videos, visit our video library