In the UK the government ?

Related Mcqs:

Which of the following statements about price and marginal cost in competitive and monopolized markets is true ?

A. In competitive markets, price equals marginal cost, in monopolized markets price exceeds marginal cost. B. In competitive markets price equals marginal cost, in monopolized markets price equals marginal cost C. In competitive markets price exceeds marginal cost, in monopolized markets price exceeds marginal cost D. In competitive markets price exceeds marginal cost in monopolized … Which of the following statements about price and marginal cost in competitive and monopolized markets is true ?Read More...

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...

If regulators break up a natural monopoly into many smaller firms, the cost of production ?

A. will rise B. will fall C. will remain the same D. could either rise or fall depending on the elasticity of the monopolist’s supply curve...

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...