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

Author Question: If a monopolist is producing a rate of output at which market demand is inelastic, a. it may or may ... (Read 92 times)

Mollykgkg

  • Hero Member
  • *****
  • Posts: 529
on: Jun 30, 2018
If a monopolist is producing a rate of output at which market demand is inelastic,
 a. it may or may not be maximizing its short-run profit
  b. reducing output would reduce both total revenue and total cost
  c. reducing output would increase both total revenue and total cost
  d. reducing output would increase total revenue and reduce total cost
  e. increasing output will increase its short-run economic profit

Question 2

Natural monopolies are firms that
 a. have a downward-sloping long-run average cost curve over the entire range of market demand
  b. have an upward-sloping long-run average cost curve over the entire range of market demand
  c. are protected against the entry of new firms by patents, licenses, or other legal restrictions
  d. control a nonreproducible resource that is critical to production
  e. have been created over time by the mergers of many smaller firms


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kimmy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

A


Mollykgkg

  • Member
  • Posts: 529
Reply 2 on: Jun 30, 2018
Gracias!

miss_1456@hotmail.com

  • Member
  • Posts: 289
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

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?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

For this bimolecular reaction, the rate constant k is second order For this bimolecular reaction, the rate constant k is second order
Firing Rate of Individual SCN Neurons in a Tissue Culture Color bars have been added to emphasize th Firing Rate of Individual SCN Neurons in a Tissue Culture Color bars have been added to emphasize th
Use of cell fusion and selection to obtain hybridomas producing monoclonal antib Use of cell fusion and selection to obtain hybridomas producing monoclonal antib
Kitagawa Utamaro, Utamaro's Studio, Eshi . . . dosa-hiki (the three primary steps in producing ... Kitagawa Utamaro, Utamaro's Studio, Eshi . . . dosa-hiki (the three primary steps in producing ...
A typical accelerator pedal position (APP) sensor, showing two different output voltage signals ... A typical accelerator pedal position (APP) sensor, showing two different output voltage signals ...
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
Video: Osmosis - water transport

For a complete list of videos, visit our video library