Form society’s point of view, society would be better off if a monopolist ?

Related Mcqs:

Marginal revenue is ?

A. the additional profit the firms earns when it sells an additional unit of output B. the difference between total revenue and total cost C. The ratio of total revenue to quantity. D. the added revenue that a firm takes in when it increases output by one additional unit....

A market is defined as perfectly contestable if ?

A. entry to it is costly but exit from it is costless B. entry to it and exit from it are both costless C. entry to it and exit from it are both costly D. entry to ti costless but exist from it is costly...

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 cosmetics industry is not considered by economists to be a good example of perfect competition because ?

A. there are many EU and government health controls on cosmetic products B. there are a very large number of firms in the industry C. firms spend a large amount of money on advertising D. profit margins are very high for both producers and retailers...

An industry that has a relatively small number of firms that dominate the market is called ?

A. a colluding industry B. a merged industry C. a concentrated industry D. a natural monopoly...