This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A profit-maximizing monopolist produces an output level that is allocatively inefficient because a. ... (Read 167 times)

mckennatimberlake

  • Hero Member
  • *****
  • Posts: 559
on: Jun 30, 2018
A profit-maximizing monopolist produces an output level that is allocatively inefficient because
 a. price is greater than marginal cost
  b. price is less than marginal cost
  c. marginal revenue is greater than marginal cost
  d. marginal revenue is less than marginal cost
  e. consumers wish to purchase all that is produced

Question 2

Which of the following is not prohibited by the Clayton Act, even if it reduces competition?
 a. merger accomplished through the acquisition of another firm's stock
  b. merger accomplished through the acquisition of another firm's assets
  c. price discrimination that cannot be justified on the basis of cost differences
  d. exclusive dealing contracts
  e. interlocking directorates


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jody Vaughn

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


mckennatimberlake

  • Member
  • Posts: 559
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

A mast cell, which produces the symptoms of a hypersensitivity reaction. A mast cell, which produces the symptoms of a hypersensitivity reaction.
The energy input and output of glycolysis. The energy input and output of glycolysis.
Testing Visual Fields by Confrontation: The nurse and patient should be approximately at an eye to e Testing Visual Fields by Confrontation: The nurse and patient should be approximately at an eye to e
Upper-Level Maps Upper-Level Maps
Sea-Level Rise Sea-Level Rise
Projections of global temperature depend heavily on the level of future greenhouse gas emissions Projections of global temperature depend heavily on the level of future greenhouse gas emissions
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library