This topic contains a solution. Click here to go to the answer

Author Question: A profit-maximizing monopoly will produce that output for which a. marginal revenue equals price. ... (Read 123 times)

Marty

  • Hero Member
  • *****
  • Posts: 553
A profit-maximizing monopoly will produce that output for which
 a. marginal revenue equals price.
  b. average cost is minimized.
  c. marginal cost is minimized.
  d. marginal cost equals marginal revenue.

Question 2

A natural monopoly
 a. is a monopoly in the production of raw materials.
  b. occurs when one firm can supply the entire market more cheaply than can a number of firms.
  c. is one result of a patent.
  d. results from decreasing returns to scale.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

frankwu0507

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

d

Answer to Question 2

b




Marty

  • Member
  • Posts: 553
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

For a complete list of videos, visit our video library