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.Management Sciences
A. the difference between total revenue and total costs.
B. anything greater than the normal opportunity cost of investing
C. the opportunity costs of all inputs
D. a rate of profit that is just sufficient to keep owners and investors satisfied
Related Mcqs:
- When ________ substitutes exist, a monopolist has ________ power to raise price?
- A. more; more B. fewer; less C. more; less D. no; infinite...
- Relative to a competitively organized industry a monopoly ?
- A. Produces less output, charges higher prices and earns economic profits. B. Produces less output, charges lower prices and earns only a normal profit C. produces more output, charges higher prices and earns economics profits D. produces less output, charges lower prices and earns economic profits...
- The costs that depend on output in the short run are ?
- A. total fixed cost only. B. total variable costs only. C. both total variable costs and total costs. D. total costs only...
- The slope of marginal revenue curve is ?
- A. always equal to one. B. half as steep as the demand curve C. the same as the slope of the demand curve D. twice as steep as the demand curve...
- A market is defined as perfectly contestable if ?
- A. entry to it and exit from it are both costless B. entry to it and exit from it are both costly C. entry to it costless, but exit from it is costless D. entry to it is costly, but exit from it is costless...
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