The fact that a monopoly has to take the shapes of marginal cost AND marginal revenue into account when making decisions is reflected in the fact that
A) monopolies don't have a supply curve.
B) monopolies don't have a demand curve.
C) monopolies have the same supply curve as perfectly competitive firms.
D) monopolies maximize profit.
A
Economics
You might also like to view...
Which of the following would cause an increase in aggregate demand (AD)?
A) an increase in interest rates B) a decrease in taxes C) a decrease in price levels D) a rise in the foreign exchange value of the dollar
Economics
Which of the following impacts of a Gulf hurricane would not show up as a direct loss to GDP?
a. The reduction in crude oil production b. The reduction in oil refining c. The loss of oil production facilities d. The loss of restaurant business in coastal communities e. The reduction in agricultural production
Economics