Regardless of the demand for its product, a monopolist will be able to earn positive economic ...

Author Question: Regardless of the demand for its product, a monopolist will be able to earn positive economic ... (Read 48 times)

humphriesbr@me.com

Hero Member
Posts: 550

on: Jun 30, 2018

Regardless of the demand for its product, a monopolist will be able to earn positive economic profits.
a. True
b. False
Indicate whether the statement is true or false

Question 2

According to the income effect, lower prices give people more purchasing power with which to increase the quantity demanded of goods.
a. True
b. False
Indicate whether the statement is true or false

Tabitha_2016

Sr. Member
Posts: 344

Reply #1 on: Jun 30, 2018

Answer to Question 1

False

Answer to Question 2

True

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