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Author Question: In contrast to a perfectly competitive firm, a monopolist earns: a. negative economic profit in the ... (Read 150 times)

tingc95

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on: Jun 30, 2018
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


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cascooper22

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

c

Answer to Question 2

True


tingc95

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  • Posts: 556
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

bblaney

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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