Author Question: In order for a monopolist to earn an economic profit in short-run equilibrium, marginal revenue must ... (Read 135 times)

karen · **on:** Jun 30, 2018

In order for a monopolist to earn an economic profit in short-run equilibrium, marginal revenue must be equal to zero.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Marginal utility tends to fall as a person increases his or her consumption.
a. True
b. False
Indicate whether the statement is true or false