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

Author Question: Suppose a monopolist cannot price discriminate. To maximize profit, it will a. always produce in ... (Read 84 times)

jilianpiloj

  • Hero Member
  • *****
  • Posts: 521
on: Jun 30, 2018
Suppose a monopolist cannot price discriminate. To maximize profit, it will
 a. always produce in the inelastic range of its demand curve
  b. never produce in the elastic range of its demand curve
  c. never produce in the inelastic range of its demand curve
  d. never produce in the elastic range of its marginal cost curve
  e. produce in the elastic range of the marginal revenue curve

Question 2

Compared to the profit-maximizing outcome, average cost pricing in natural monopoly leads to
 a. all of the following
  b. a higher price
  c. decreased consumer surplus
  d. the elimination of economic profit
  e. less output


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

duy1981999

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


jilianpiloj

  • Member
  • Posts: 521
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

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.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Step 2 of gene cloning: The actions of a restriction enzyme and DNA ligase to produce a recombinant Step 2 of gene cloning: The actions of a restriction enzyme and DNA ligase to produce a recombinant
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Air masses interact to produce weather Air masses interact to produce weather
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
A common autosomal recessive allele can produce a pedigree that looks like an autosomal dominant tra A common autosomal recessive allele can produce a pedigree that looks like an autosomal dominant tra
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Embryonic development - Week 4

For a complete list of videos, visit our video library