A monopolist maximizes total revenue at the quantity where marginal revenue equals zero
a. True
b. False
A
You might also like to view...
Commodity money has intrinsic value
Indicate whether the statement is true or false
Policy should create an environment in which the economy can expand its productive capacity rapidly, because that is the ultimate source of higher living standards. This task is the realm of
a. growth policy. b. stabilization policy. c. labor policy. d. inflation policy.
Which of the following is NOT a member of DR-CAFTA?
A. Mexico B. the United States C. Honduras D. the Dominican Republic
When there is no comparative advantage between countries
A. the benefits resulting from trade are increased. B. there are no gains from specialization and trade. C. there must be an absolute advantage. D. each should try and specialize in the production of a particular commodity.