In which of the following ways is a monopolist different from a perfect competitor?
a. Average cost will continually drop as output expands.
b. Price is above marginal revenue.
c. Average total cost equals average fixed costs plus average variable costs.
d. The demand curve for the industry has a negative slope.
b
Economics
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The right to openly support and democratically select national leaders is
A) political freedom. B) capital freedom. C) population freedom. D) economic freedom.
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Government purchases
a. are only weakly related to aggregate income b. include spending on goods and services plus transfer payments c. are inversely related to aggregate income d. are inversely related to the price level e. are inversely related to the interest rate
Economics