« previous next »

Author Question: A profit-maximizing monopolist a. never produces on the inelastic portion of the demand curve ... (Read 130 times)

faduma

  • Hero Member
  • *****
  • Posts: 528
on: Jun 30, 2018
A profit-maximizing monopolist
 a. never produces on the inelastic portion of the demand curve because it can increase profit by increasing output
  b. never produces on the inelastic portion of the demand curve because marginal revenue exceeds marginal cost
  c. always produces on the inelastic portion of the demand curve
  d. never produces on the elastic portion of the demand curve because there are no substitutes for the good it produces
  e. never produces on the inelastic portion of the demand curve because marginal revenue is negative there

Question 2

Which of the following is the best example of a natural monopoly?
 a. gold mining in the Colorado Rocky Mountains
  b. filmmaking in Hollywood
  c. electrical service to homes in Seattle
  d. production of film by Kodak
  e. production of computers by IBM


samiel-sayed

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Faulty outlooping produces F?, an F plasmid that contains chromosomal DNA Faulty outlooping produces F?, an F plasmid that contains chromosomal DNA
Faulty outlooping produces lambda phage containing bacterial DNA Faulty outlooping produces lambda phage containing bacterial DNA
Dissolution of the Geosphere Produces Karst Terrain Dissolution of the Geosphere Produces Karst Terrain
Localization of a Peptide The peptide is revealed by means of immunocytochemistry. The photomicrogra Localization of a Peptide The peptide is revealed by means of immunocytochemistry. The photomicrogra
Bell Curve for Intelligence IQ scores for a population-based sample usually fall into this kind of Bell Curve for Intelligence IQ scores for a population-based sample usually fall into this kind of
Portion sizes of French fries have more than doubled from the past Portion sizes of French fries have more than doubled from the past
Video: New DNA Strand Replication

For a complete list of videos, visit our video library