The social costs of monopoly power arises because ?

Related Mcqs:

A decrease (leftward shift) in the supply for a good will tend to cause ?

A. an increase in the equilibrium price and quantity B. a decrease in the equilibrium price and an increase in the equilibrium quantity C. none of these answers D. a decrease in the equilibrium price and quantity. E. an increase in the equilibrium price and a decrease in the equilibrium quantity...

Nationalisation occurs when ?

A. The government sells assets to a the private sector B. The government bans a product C. The government takes control of an industry D. The government taxes a product to a raise its price...

An allocation is Pareto-efficient if no reallocation of resources would make some people _______ without making others ________?

A. worse off; worse off B. better off; better off C. better off; worse off D. equal, unequal...

A monopolistic market has ?

A. many buyers and sellers B. none of these answers C. firms that are price takers D. only one seller...

A positive externality occurs when ?

A. The social marginal costs are higher than the private marginals costs B. A product is not provided in the free market C. The social marginal cost equal the social marginal benefit D. The social marginal benefits are higher than the private marginal benefits...