If a monopoly is operating along the portion of its demand curve where marginal revenue is positive, its
A) total revenue increases when price decreases.
B) total revenue decreases when price decreases.
C) total revenue remains the same when price decreases.
D) total revenue is zero.
A
Economics
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Goods that are nonrival and nonexcludable are called
A) external goods. B) public goods. C) private goods. D) free goods.
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Which of the following problems best describes what may occur when Dixie hires an attorney to help in her child-custody suit?
a. the winner's curse b. a signaling problem c. a principal-agent problem d. an adverse selection problem e. unemployment
Economics