Suppose we know that a monopolist is maximizing its profits. Which of the following is a correct inference? the monopolist has?

Related Mcqs:

Which of the following is most likely to be a variable cost for a firm ?

A. The franchiser’s fee that a restaurant must pay to the national restaurant chain B. The payroll taxes that are paid on employee wages. C. The monthly rent on office space that it leased for a year D. The interest payments made on loans....

If the ABC Typing Service is earning a rate of return greater than the return necessary for the business to continue operations, then ?

A. normal profit is zero B. total costs exceed total revenue C. total costs exceed normal profit D. the firm is earning are economic profit...

A graph showing all the combinations of capital and labor that can used to produce a given amount of output is ?

A. an indifference curves. B. an isoquant. C. an isocost line D. a production functions...

A graph showing all the combinations capital and labor available for a given total cost is the ?

A. expenditure set B. isocost line. C. budget constraint D. isoquant...

A form of industry structure characterized by a few firms, each large enough to influence market price is ?

A. perfect competition B. monopolistic competition C. oligopoly D. monopoly...