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

Related Mcqs:

A welfare loss occurs in monopoly where ?

A. The price is greater than the marginal cost B. The price is greater than the marginal benefit C. The price is greater than the average revenue D. The price is greater than the marginal revenue...

Which of the following is not a barrier to entry in a monopolized market ?

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...

This monopolist should produce ?

A. 1 B. 2 C. 3 D. 4 E. 5...

Which of the following is necessary for a natural monopoly ?

A. economies of scale B. a high proportion of the total cost in the cost of capital goods C. the market is very small D. all of the above...

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...