For a monopolist, there is no supply curve because
a. the supply curve is the same as the marginal cost curve
b. the monopolist does not maximize profit
c. the quantity supplied is independent of marginal cost
d. the quantity supplied is independent of demand
e. there is no unique relationship between price and quantity supplied
E
You might also like to view...
Briefly explain the process of multiple deposit creation
What will be an ideal response?
Which of the following is associated with the creation of human capital?
a. a farmer buys more land b. a robot replaces a worker c. a worker replaces a robot d. a worker spends less time on the job e. a worker attends training classes
As the U.S. dollar appreciates and the Japanese yen depreciates,
A) U.S.-produced goods become more expensive for the Japanese and Japanese-produced goods become cheaper for Americans. B) U.S.-produced goods become cheaper for the Japanese and Japanese-produced goods become more expensive for Americans. C) U.S.-produced goods become cheaper for both the Japanese and Americans. D) Japanese-produced goods become more expensive for both the Japanese and Americans. E) none of the above
Holding all else constant, an increase in the real interest rate on U.S. assets will ________ the demand for dollars in the foreign exchange market and ________ the equilibrium Mexican peso/U.S. dollar exchange rate.
A. increase; decrease B. decrease; decrease C. increase; increase D. decrease; increase