The output produced by the single-price, unregulated monopoly in the above figure is
A) efficient because profit is maximized.
B) inefficient because less than the efficient quantity is produced.
C) efficient because marginal costs equals marginal revenue.
D) inefficient because more than the efficient quantity is produced.
B
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If you thought the share price of a stock was going to fall, would you be more likely to buy a call option or a put option?
A) a call option B) a put option C) a call option and a put option D) There is not enough information given to answer this question.
Wealthy countries increasingly feel that trade:
A. can sometimes be a more powerful lever than aid to help poorer countries develop. B. is sometimes acting as a barrier to poorer countries' development. C. is an effective political tool to use against poorer countries. D. can help poorer countries development, but hurt their overall growth.
Supply and demand are examples of
A. outdated economic theories. B. a primary source of disagreement among economists. C. technological advances. D. the tools of economics.
Along a linear consumption function
A. the average propensity to consume rises with income, but the marginal propensity to consume falls with an increase in income. B. the average propensity to consume rises with a decrease in income. C. the marginal propensity to consume rises with an increase in income. D. both the average propensity to consume and the marginal propensity to consume rise with an increase in income.