Author Question: How will the price and output of a monopolist compare with perfect competition? a. The output of ... (Read 62 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
How will the price and output of a monopolist compare with perfect competition?
 a. The output of the monopolist will be too large and the price too high.
  b. The output of the monopolist will be too large and the price too low.
  c. The output of the monopolist will be too small and the price too high.
  d. The output of the monopolist will be too small and the price too low.

Question 2

Which statement about the total variable cost curve is true?
 a. It begins at the origin and increases before decreasing again.
  b. The total variable cost curve is the same at all levels of output.
  c. The total variable cost curve is increasing but at a decreasing rate.
  d. It begins at the origin and is always increasing.
  e. There is no such thing as a total variable cost curve.



kjohnson

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

c

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

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?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

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).

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

For a complete list of videos, visit our video library