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Author Question: A monopolist has no supply curve because a. as demand changes, each output level can be consistent ... (Read 64 times)

mcmcdaniel

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on: Jun 30, 2018
A monopolist has no supply curve because
 a. as demand changes, each output level can be consistent with more than one profit-maximizing price
  b. monopolists tend to restrict output
  c. monopolists have no marginal cost curve
  d. monopolists can charge any price they want
  e. as demand changes, the firm's profit-maximizing choice of output may change

Question 2

Which of the following is a likely result of the deregulation of the airline industry that might benefit consumers?
 a. a wage increase for union pilots
  b. a possible decline in airline safety
  c. one firm's emerging as an unregulated monopoly
  d. loss of service to unprofitable routes
  e. a decrease in air fares


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Anonymous

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

A

Answer to Question 2

E


mcmcdaniel

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Reply #2 on: Jun 30, 2018
Correct answers!


Anonymous

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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