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

[Davideckstein7]

In contrast to a perfectly competitive firm, a monopolist operates in the long run at a quantity of output at which:
 a. P = MC.
  b. MR = MC.
  c. P = ATC.
  d. P > MR.

Question 2

The utility of a good measures its satisfaction rather than its usefulness.
 a. True
  b. False
  Indicate whether the statement is true or false

[Animal_Goddess]

Answer to Question 1

d

Answer to Question 2

True

[Davideckstein7]

Thanks for the timely response, appreciate it

[tandmlomax84]

TYSM