Refer to the figure above. If the monopolist faces a constant marginal cost of $2, at what price should it sell its output?
A) $2
B) $6
C) $10
D) $12
C
Economics
You might also like to view...
Explain why choices respond to incentives and think of three incentives to which you have responded today
What will be an ideal response?
Economics
Government controls over market prices frequently “backfire.”
Answer the following statement true (T) or false (F)
Economics
Why do many economists advocate a consumption tax rather than an income tax?
Economics
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y2. C. P3 and Y1. D. P2 and Y3.
Economics