A monopolist that chooses price
A) necessarily produces less than a monopolist that chooses quantity, hence the laws against price fixing.
B) produces the same amount as a monopolist that chooses quantity.
C) produces more than a monopolist that chooses quantity, thus the irony of laws against price fixing.
D) could produce more or less than a monopolist that chooses quantity since the demand curve is not specified.
B
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One reason dressing well for a job interview may not be an effective signal is
A. people who are more serious about getting a job will make the investment in a new suit. B. buying a suit takes time away from studying. C. it is costly for a person less interested in the job to buy a new suit. D. a person who has successfully completed a job-training program might be unable to afford a new suit.