Compared to a perfectly competitive industry, a monopolist with ...

[deesands]

Compared to a perfectly competitive industry, a monopolist with the same marginal cost and demand curve will charge:
 a. a higher price and produce a higher volume of output.
  b. a lower price and produce a higher volume of output.
  c. a lower price and produce a lower volume of output.
  d. a higher price and produce a lower volume of output.
  e. the same price and produce the same volume of output.

Question 2

Marginal utility is always a positive number.
 a. True
  b. False
  Indicate whether the statement is true or false

[fauacakatahaias]

Answer to Question 1

d

Answer to Question 2

False

[deesands]

YES! Correct, THANKS for helping me on my review

[alvinum]

Thanks for the timely response, appreciate it