The marginal revenue curve of a single price monopolist
A. lies below the demand curve.
B. is a horizontal line.
C. lies above the demand curve.
D. lies along the demand curve.
Answer: A
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You want to buy a TV that regularly costs $250. You can either buy the TV from a nearby store or from a store that's downtown. Relative to going to the nearby store, driving downtown involves additional time and gas. The downtown store, however, has a 10% off sale this week. Last week you drove downtown to save $20 on some concert tickets, a 15% savings. Should you drive downtown to buy the TV?
A. Yes, because you will save more than $20. B. Yes, because you will save 10%, which is better than nothing. C. No, because you will only save 10%, which is less than 15%. D. No, because you will save more than $20.
The assumption of asymmetric information means that
A) borrowers and lenders have the same information. B) borrowers and lenders have perfect information. C) borrowers know more than lenders. D) lenders know more than borrowers.
Which major asset experienced a price bubble just before the housing price bubble of 2006-2009?
A) Internet or tech-stocks B) Tulip bulbs C) Japanese real estate D) Railroad stocks
In international trade, one country's gain is another country's loss
a. True b. False Indicate whether the statement is true or false