In monopoly in long run equilibrium ?

Related Mcqs:

Thomas is a monopolist in the production of your textbook because ?

A. Thomson has a legally protected exclusive right to produce this textbook B. Thomson owns a key resource in the production of textbooks. C. Thomson is a natural monopoly, D. Thomson is a very large company...

In order to practice price discrimination which of the following is needed ?

A. some degree of monopoly power B. an ability to separate the market C. an ability to prevent reselling D. all of the above...

The marginal revenue curve in monopoly ?

A. Equals the demand curve B. Is parallel with the demand curve C. Lies below and converges with the demand curve D. Lies below and diverges from the demand curve...

Compared to the case of perfect competition, a monopolist is more likely to ?

A. charge a higher price B. produce a lower quantity of the product C. make a greater amount of economic profit D. all of the above...

Which of the following best defines price discrimination ?

A. charging different prices on the basis of race B. charging different prices for goods with different costs of production C. charging different prices based on cost-of-service differences D. selling a certain product of given quality and cost per unit at different prices to different buyers...