When a firm operates under conditions of monopoly, its price is
a. not constrained.
b. constrained by marginal cost.
c. constrained by demand.
d. constrained only by its social agenda.
c
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What are the characteristics of a market that allow a monopolist to successfully price discriminate between groups?
What will be an ideal response?
The predominant form of household debt is
A) consumer installment debt. B) collateralized debt. C) unsecured debt. D) unrestricted debt.
Lower interest rates which reduce the debt-servicing burden of households, thus increasing their net worth, is best described by the
A) bank lending channel. B) money channel. C) financial market channel. D) balance sheet channel.
One advantage of a partnership is
A) lower costs. B) they are easy to form. C) all the profits go to the older partner. D) they are double taxed.