Under a policy of average-cost pricing, a monopolist must charge the price at which its ________ cost curve intersects its ________ curve.

A. marginal; demand
B. average variable; demand
C. marginal; marginal revenue
D. average; demand


Answer: D

Economics

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Answer the following statement true (T) or false (F)

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In recent years the economy of Japan has grown, despite the fact that the population of Japan has declined. Which of the following would best explain Japan's economic growth despite having a smaller population?

What will be an ideal response?

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The process by which new firms and new products replace existing dominant firms and products is called:

A. monopolistic competition. B. the inverted-U process. C. process innovation. D. creative destruction.

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A. continuity. B. innovation. C. specialization. D. repetition.

Economics