A single-price monopolist will find when it produces its profit-maximizing amount of output that
A) price exceeds marginal revenue.
B) price exceeds marginal cost.
C) marginal revenue equals marginal cost.
D) All of the above occur at the profit-maximizing output level.
D
Economics
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One reason why there may be a bias against free trade is that
a. transportation costs are too high b. absolute advantage may outweigh comparative advantage c. those who benefit from trade have little incentive to lobby for it d. the terms of trade may be too high e. people prefer importing to exporting
Economics
Which of the following correctly expresses the Fisher equation?
A. r = i - ?e B. i = r - ?e C. r = i + ?e D. i = r + ?e
Economics