This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Monopolists are criticized because they are inefficient. What is meant by this statement? a. ... (Read 83 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
on: Jun 30, 2018
Monopolists are criticized because they are inefficient. What is meant by this statement?
 a. Monopolists charge too high a price.
  b. Monopolists don't innovate enough to control pollution.
  c. Monopolists produce a large quantity of waste.
  d. Monopolists usually don't produce at the minimum of the ATC.
  e. Monopolists could use their resources better elsewhere.

Question 2

As an individual consumes more of a good, the marginal utility of that good declines.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

coyin

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


Arii_bell

  • Hero Member
  • *****
  • Posts: 596
Reply #2 on: Jun 30, 2018
Thank you


coyin

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Example of a patient statement. Example of a patient statement.
Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
Inefficient irrigation wastes water Inefficient irrigation wastes water
Conventional cars are extremely inefficient Conventional cars are extremely inefficient
The production of electricity from coal is inefficient The production of electricity from coal is inefficient
Video: Dissociative Disorders (Part 1)

For a complete list of videos, visit our video library