What is the equilibrium price and quantity under a monopoly?
a. Q = 10 and P = 40
b. Q = 10 and P = 60
c. Q = 12 and P = 44
d. Q = 12 and P = 92
Ans: d. Q = 12 and P = 92
Economics
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Assuming a reserve ratio of 10 percent, if a bank receives $100,000 in deposits how much can the bank loan out?
A) $10,000 B) $90,000 C) $100,000 D) $110,000
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The quantity theory of money is better able to
A. To explain the inflation rate in the long run B. To explain the full employment in the long run C. To explain the inflation rate in the short run
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