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

Author Question: Because of a patent, Alcoa is the only manufacturer of soda cans with a stay-put tab. Alcoa can earn ... (Read 93 times)

tfester

  • Hero Member
  • *****
  • Posts: 534
on: Apr 19, 2019

Question 1

A monopolist's supply of a good is


◦ dependent on the monopolist's demand curve and its marginal cost curve.
◦ given by the portion of the monopolist's marginal cost curve that lies above the average variable cost curve.
◦ independent of the monopolist's demand curve.
◦ given by the portion of the monopolist's average variable cost curve that lies above the marginal cost curve.

Question 2

Because of a patent, Alcoa is the only manufacturer of soda cans with a stay-put tab. Alcoa can earn a profit on the sale of soda cans with stay-put tabs


◦ in the short run but not in the long run because new firms will enter the industry in the long run.
◦ only in the long run because government regulations prevent monopolists from earning profits in the short run.
◦ in the long run but not the short run because the monopolist will face competition in the short run.
◦ in the long run because entry into the industry by new firms is blocked until the patent expires.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by tfester on Apr 19, 2019

millet

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly


tfester

  • Hero Member
  • *****
  • Posts: 534
Reply #2 on: Apr 19, 2019
TY


millet

  • Sr. Member
  • ****
  • Posts: 354
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Allen Test: A patent ulnar artery reveals the return of palm perfusion despite radial artery compres Allen Test: A patent ulnar artery reveals the return of palm perfusion despite radial artery compres
Soda Soda
Diet Soda's Consumption's Association with Increased (not Decreased) Prevalence of ... Diet Soda's Consumption's Association with Increased (not Decreased) Prevalence of ...
Patent medicines contained a name brand that clearly identified the product and claimed to cure just ... Patent medicines contained a name brand that clearly identified the product and claimed to cure just ...
How many pounds of yeast must the manufacturer start with to obtain 550 lb at the end of 12 h? How many pounds of yeast must the manufacturer start with to obtain 550 lb at the end of 12 h?
Get Fit, Stay Well! Brief Edition Plus Mastering Health Get Fit, Stay Well! Brief Edition Plus Mastering Health
Video: DNA close up Animation

For a complete list of videos, visit our video library