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

Author Question: If a single-price monopolist's price equals marginal cost, the firm (Read 58 times)

najmarocks25

  • Full Member
  • ***
  • Posts: 149
on: Oct 12, 2022
If a single-price monopolist's price equals marginal cost, the firm
◦ should maintain its current price because it is a price taker.
◦ is producing where MR = MC and thus is maximizing profits.
◦ should definitely shut down.
◦ could increase its profits by lowering output and raising price.
◦ will find it more profitable to produce a greater output.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by najmarocks25 on Oct 12, 2022

labrinker

  • Full Member
  • ***
  • Posts: 162
Reply #1 on: Oct 12, 2022
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 56% of students answer this correctly


najmarocks25

  • Member
  • Posts: 149
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

A single crossover cannot produce a viable recombinant A single crossover cannot produce a viable recombinant
Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
To search for the Native American family would be fruitless. There are rural, urban, single-parent, ... To search for the Native American family would be fruitless. There are rural, urban, single-parent, ...
Single-dose drug administration. Pharmacokinetic values for this drug are as follows: onset of ... Single-dose drug administration. Pharmacokinetic values for this drug are as follows: onset of ...
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Video: Integumentary Anatomy

For a complete list of videos, visit our video library