In a monopoly which of the following is not true ?

Related Mcqs:

The monopolist’s supply curve ?

A. does not exist B. is the marginal cost curve above average variable cost? C. is the marginal cost curve above average total cost D. is the upward-sloping portion of the average total cost curve E. The upward-sloping portion of the average variable cost...

The purpose of antitrust (also known as competition) laws is to ?

A. Increase competition in an industry by preventing mergers and breaking up large firms. B. regulate the prices charged by a monopoly C. increase merger activity to help generate synergies that reduce costs and raise efficiency. D. create public ownership of natural monopolies E. all of these answers...

Using government regulations to force a natural monopoly to charge a price equal to his marginal cost will ?

A. Cause the monopolist to exit the market B. improve efficieny C. raise the price of good D. attract additional firms to enter the market...

If a marginal revenue exceeds marginal cost, a monopolists should?

A. increase should B. decrease output C. keep output the same because profits are maximized when marginal revenue exceeds marginal cost D. raise the price...

In pure monopoly, what is the relation between the price and the marginal revenue ?

A. the price is greater than the marginal revenue B. the price is less than the marginal revenue C. there is no relation D. they are equal...