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croth99 croth99
wrote...
Posts: 363
Rep: 1 0
6 years ago
A monopolist sells a lesser quantity at a higher price compared to a perfect competitor.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 2

Scarcity:
 a. ensures that people become satisfied with less than what they want.
  b. exists only during a recession.
  c. exists only in some countries.
  d. affects only poor people.
  e. requires people to make choices to satisfy their wants.

QUESTION 3

A monopolist produces at the minimum point of the average total cost curve in the long run.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 4

Which of the following hinders economic freedom?
 a. Lower taxes
  b. Regulations on emissions from automobiles
  c. International trade
  d. Secure private property rights
  e. A democratic government

QUESTION 5

Under price discrimination, a monopolist equates the marginal cost with the average revenues in different markets.
 a. True
  b. False
  Indicate whether the statement is true or false
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Replies
wrote...
6 years ago
[Answer to ques. #1]  TRUE

[Answer to ques. #2]  e

[Answer to ques. #3]  FALSE

[Answer to ques. #4]  b

[Answer to ques. #5]  FALSE
croth99 Author
wrote...
6 years ago
TYVM
wrote...
6 years ago
no worries, happy to help out
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