« previous next »

Author Question: Compared to a perfectly competitive firm, a monopolist: a. charges a higher price. b. produces ... (Read 75 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
Compared to a perfectly competitive firm, a monopolist:
 a. charges a higher price.
  b. produces lower output.
  c. fails to achieve an efficient allocation of resources.
  d. all of these.

Question 2

The total utility of a good is equal to the marginal utility of the last unit consumed.
 a. True
  b. False
  Indicate whether the statement is true or false


sarah_brady415

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Mixing bacterial genotypes produces rare recombinants Mixing bacterial genotypes produces rare recombinants
Primates in the New World tend to be small-bodied compared to those elsewhere. Primates in the New World tend to be small-bodied compared to those elsewhere.
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
The main avenue to the upward social mobility reviewed in the text has been higher education. The main avenue to the upward social mobility reviewed in the text has been higher education.
Project Management: Achieving Competitive Advantage, 5th Edition Project Management: Achieving Competitive Advantage, 5th Edition
Suicide rates in Canada are more than three times higher for males than for females Suicide rates in Canada are more than three times higher for males than for females
Video: How does asthma work?And How do you treat asthma?

For a complete list of videos, visit our video library