Which of the following best explains an economic criticism of unregulated monopolists?
A. Monopolists do not try to minimize their fixed costs of production.
B. Monopolists produce where marginal revenue is greater than marginal costs.
C. Monopolists attempt to produce too many products, and as a result, their prices are high, and consumer's waste time trying to choose between too many options.
D. Monopolists restrict output, and as a result, they fail to produce units that are valued more than the marginal cost of producing them.
Answer: D
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The supply of loanable funds schedule shows that the
A) higher the real interest rate, the more the supply of loanable funds curve shifts rightward. B) higher the real interest rate, the greater the quantity of loanable funds supplied. C) higher the real interest rate, the greater the opportunity cost of supplying loanable funds. D) higher the real interest rate, the lower the profit from making new investment. E) lower the real interest rate, the greater the quantity of loanable funds supplied.
In the above figure, which point represents an unattainable production combination of the two goods?
A) point C B) point L C) point D D) point N
Which of the following is a government sponsored enterprise that funds or guarantees a substantial number of mortgage loans in the U.S.?
a. Fannie Mae b. Freddy Mac c. both A and B above d. neither A nor B above
A key for a monopoly that wants to practice price discrimination is to be able to control the resale of its product
a. True b. False Indicate whether the statement is true or false