Search
.Management Sciences
A. A single firm is very large
B. The government gives a single firm the exclusive right to produce some good
C. The costs of production make a single producer more efficient than a large number of productions
D. A key resource is owned by a single firm
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...
- Which of the follow statements about price discrimination is not true ?
- A. Perfect price discrimination generates a deadweight loss B. Price discrimination can raise economic welfare. C. price discrimination requires that seller be able to separate buyers according to their willingness to pay. D. Price discrimination increases a monopolist’s profits. E. For a monopolist to engage in price discrimination buyers must be unable to engage in … Which of the follow statements about price discrimination is not true ?Read More...
- 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...
Recent Comments