For a monopolist that is maximizing profits

A) price exceeds marginal cost.
B) price equals marginal revenue.
C) price equals average total cost.
D) marginal revenue exceeds price.


A

Economics

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The tax on a bottle of wine is a type of ______ tax.

a. gift b. income c. property d. excise

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Complete the sentence-A put option on a futures contract gives its owner:

A. The right to sell a futures contract at the strike price. B. The right to sell a futures contract at the market price. C. The right to buy a futures contract at the strike price. D. The right to buy a futures contract at the market price.

Economics

In the short run, a firm continues to produce only if it can cover the:

a. fixed costs. b. sunk costs. c. explicit costs. d. variable costs. e. implicit costs.

Economics