Compared to a perfectly competitive firm with the same cost ...

[tuffie]

Compared to a perfectly competitive firm with the same cost structure, a monopoly firm will charge a:
 a. higher price and sell more.
  b. lower price and sell more.
  c. higher price and sell less.
  d. lower price and sell less.
  e. similar price and sell the same.

Question 2

If total utility increases from 10 to 15 for the second unit of a good consumed, the marginal utility of the second unit is 5.
 a. True
  b. False
  Indicate whether the statement is true or false

[tkempin]

Answer to Question 1

c

Answer to Question 2

True

[tuffie]

Thanks for the timely response, appreciate it

[xiaomengxian]

Gracias!