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Author Question: Monopolists are criticized because they are inefficient. What is meant by this statement? a. ... (Read 115 times)

Arii_bell

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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


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coyin

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


Arii_bell

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Reply #2 on: Jun 30, 2018
Thank you


coyin

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Reply #3 on: Jun 30, 2018
No problemo


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