Monopolists set prices
A. Without constraints since there is no competition.
B. At the output where marginal revenue equals marginal cost.
C. At the minimum of the long-run average total cost curve.
D. On the marginal revenue curve.
Answer: B
Economics
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If you anticipate that the inflation rate is going to rise from three percent to 10 percent next year, you should
A) save your funds at a fixed rate of interest. B) borrow funds at a fixed rate of interest. C) keep your funds in your sock drawer. D) wait to buy a house until next year.
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Discounting or computing present value is a way of comparing dollar values that will appear at different points in time
a. True b. False Indicate whether the statement is true or false
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