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Author Question: Which of the following is true for a pure monopolist? a. The firm has a perfectly elastic demand ... (Read 29 times)

mynx

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on: Jun 30, 2018
Which of the following is true for a pure monopolist?
 a. The firm has a perfectly elastic demand curve.
  b. The firm will always earn an economic profit.
  c. The demand curve is above the marginal revenue curve.
  d. None of these is true.

Question 2

According to the law of diminishing marginal utility, the marginal utility curve is ____.
 a. vertical
  b. flat.
  c. upward sloping.
  d. downward sloping.


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tkempin

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

c

Answer to Question 2

d


mynx

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Reply 2 on: Jun 30, 2018
Wow, this really help

lcapri7

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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