In Figure 5.6, what profit would the monopolist earn? In the figure below, a monopolist would charge which price? 

A. a loss equal to its total fixed cost.
B. zero profit.
C. a loss greater than its total fixed cost.
D. a positive profit.


Answer: A

Economics

You might also like to view...

Explain the utilitarianism principle. How is it deficient?

What will be an ideal response?

Economics

In the model of an oligopoly with identical (homogeneous) products, what is the price likely to be?

What will be an ideal response?

Economics

During 1970-1997, the U.S. federal government was

A) in deficit every year. B) in surplus every year. C) in deficit most of those years. D) balanced every year.

Economics

A higher ________ means that an asset's return is more sensitive to changes in the value of the market portfolio

A) alpha B) beta C) CAPM D) APT

Economics