In contrast to a perfectly competitive firm, a monopolist earns: ...

[tingc95]

In contrast to a perfectly competitive firm, a monopolist earns:
 a. negative economic profit in the long run.
  b. zero economic profit in the long run.
  c. positive economic profit in the long run.
  d. positive economic profit in the short run.

Question 2

As we move down a person's demand curve, marginal utility declines.
 a. True
  b. False
  Indicate whether the statement is true or false

[cascooper22]

Answer to Question 1

c

Answer to Question 2

True

[tingc95]

Excellent

[Viet Thy]

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