A single-price monopoly charges the same price
A) even if the demand curve shifts.
B) even if its cost curves shift.
C) to all customers for each unit of output they buy.
D) at all times, and that price equals the firm's marginal revenue.
C
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Long-run equilibrium will occur at the price level at which
A) the aggregate demand and long-run aggregate supply curves intersect. B) the short-run aggregate supply and long-run aggregate supply curves intersect. C) the long-run aggregate demand and short-run aggregate supply curves intersect. D) the aggregate demand and short-run aggregate supply curves intersect.
The table above has the domestic demand and domestic supply schedules for a good. According to the table, the no-trade price of the good is
A) $4. B) $6. C) $8. D) $10. E) $2.
If the Fed wishes to maintain its interest rate target in the face of decreased money demand it would likely
a. increase the money supply. b. decrease the money supply. c. more stringently enforce already existing banking regulations. d. propose new banking regulations. e. become more lax when it enforces already existing banking regulations.
The World Bank's main concern about the East Asian development model is that
a. it hasn't really worked b. it has relied too much on exports c. it hasn't had the support of labor unions d. it isn't easily replicated where government institutions are weak e. all of the above