Which of the following would definitely not be used by any unregulated monopolist?
A. Economies of scale.
B. Marginal cost pricing.
C. Price discrimination.
D. The profit-maximizing rule.
Answer: B
Economics
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Households increase the quantity of labor supplied when
A) the real wage rate increases. B) the real wage rate decreases. C) job opportunities increase. D) the nominal wage decreases and the price level rises. E) income taxes increase.
Economics
If a company moves from producing 100 units of good A and 50 units of good B to producing 70 units of good A and 60 units of good B, the opportunity cost is:
a) 70 units of good A. b) 100 units of good A. c) 10 units of good B. d) 30 units of good A.
Economics