A monopoly:
A. can increase price and increase output at the same time.
B. can charge any price it wants and still sell all of its output.
C. can sell any output it produces provided it accepts the market price.
D. must lower price in order to increase output.
Answer: D
Economics
You might also like to view...
One year a country has positive net exports. The next year it still has positive but larger net exports
a. its trade surplus fell. b. its trade surplus rose. c. its trade deficit fell. d. its trade deficit rose
Economics
A reduction in the rate of inflation is called:
A. deflation. B. disinflation. C. hyperinflation. D. cost-push inflation.
Economics