Author Question: A monopoly is likely to charge a higher price than an otherwise similar competitive industry would ... (Read 92 times)

Mr. Wonderful

  • Hero Member
  • *****
  • Posts: 866
A monopoly is likely to charge a higher price than an otherwise similar competitive industry would be.
 a. True
  b. False

Question 2

Marginal revenue is the change in total revenue from using one more unit of an input in the short run.
 a. True
  b. False



Fayaz00962

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

For a complete list of videos, visit our video library