The monopolist is a
A. price searcher who tries to find the rate of output that maximizes price.
B. price taker who tries to find the profit-maximizing rate of output.
C. price searcher who tries to find the profit-maximizing price-output combination.
D. price taker who tries to find the profit-maximizing price.
Answer: C
Economics
You might also like to view...
When money wages rise, the most significant effect on the aggregate supply curve is that it
a. shifts outward. b. shifts inward. c. becomes flatter. d. becomes steeper.
Economics
Explain why perfectly competitive markets achieve allocative efficiency.
What will be an ideal response?
Economics