Which of the following is a difference between a monopolist and a firm in perfect competition?
a. The marginal revenue curve is downward-sloping.
b. Marginal revenue equals price.
c. Economic profits are zero in the long-run.
d. The marginal revenue curve lies above the demand curve.
a
Economics
You might also like to view...
The problem of scarce resources
a. means that in some cities there are not enough jobs b. could be solved if the unemployment rate fell c. is that there are not enough resources to satisfy people's unlimited wants d. is that resources are used inefficiently e. can be solved by lowering taxes
Economics
The information technology revolution seems to have had its greatest positive effect on labor productivity growth in the ____ period
a. 1948-1973 b. 1973-1995 c. 1995-2005 d. 1948-2005
Economics