Which of these is NOT a potential source of inefficiency?
A) external benefits
B) increasing marginal costs
C) monopoly
D) subsidies
B
Economics
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Based on the answer above, the price for iPads _____________ and the quantity demanded for iPads ____________
a. Increase; increase b. Increase; decrease c. Decrease; increase d. Decrease, decrease
Economics
On a graph, to determine the price a profit-maximizing monopolist would charge, find the quantity at which MC and MR intersect and read up to the demand curve
a. True b. False
Economics