In terms of pricing, which of the following is not true for a monopolist?
A.) In the long-run economic profit is impossible.
B.) Marginal revenue is always less then the price charged.
C.) If marginal revenue is greater then marginal cost increasing output will increase profits (decrease loss).
D.) Maximum profit (minimum loss) occurs where marginal revenue equals marginal cost.
A.) In the long-run economic profit is impossible.
Economics
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A bond that is generally agreed to have higher default risk will experience all of the following EXCEPT:
A) declining demand B) declining supply C) higher yield D) lower price
Economics
If the interest rate were to fall, we expect that
A) the supply of money will fall. B) the supply of money will rise. C) autonomous expenditures will rise. D) the demand for money will fall.
Economics