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

Author Question: Which of the following falsely describes a nondiscriminating monopolist at profit maximization? a. ... (Read 61 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
on: Jun 30, 2018
Which of the following falsely describes a nondiscriminating monopolist at profit maximization?
 a. Price is greater than marginal cost.
  b. Economic profit is always positive.
  c. Marginal revenue is equal to marginal cost.
  d. Marginal revenue will typically be less than price.
  e. Average total cost will not be at a minimum.

Question 2

Between 1958 and 2000 . competition in the US has remained relatively constant.
 a. True
  b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lcapri7

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


fnuegbu

  • Member
  • Posts: 539
Reply 2 on: Jun 30, 2018
Wow, this really help

marict

  • Member
  • Posts: 304
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

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

A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
Profit-maximizing Chart Profit-maximizing Chart
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Competitive firms and maximization Competitive firms and maximization
Competitive firms and maximization Competitive firms and maximization
Video: Pericarditis

For a complete list of videos, visit our video library