One of the ways that a perfectly competitive firm and a nondiscriminating monopolist are different is that
a. the marginal cost curve is U-shaped for a perfectly competitive firm but not for a monopolist
b. P = AR for a perfectly competitive firm but not for a monopolist
c. P = MR for a perfectly competitive firm but not for a monopolist
d. the average revenue curve and demand curve are the same for a perfectly competitive firm but not for a monopolist
e. only the monopolist seeks to maximize profits
C
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What is true of marginal cost when marginal returns are increasing?
a. It is negative and increasing. b. It is negative and decreasing. c. It is positive and increasing. d. It is positive and decreasing. e. It is positive and has a constant slope.
Increases in government purchases, investment spending, and autonomous consumption all tend to
a. increase real GDP and raise the interest rate b. increase real GDP and lower the interest rate c. increase real GDP but leave the interest rate unchanged d. decrease real GDP and lower the interest rate e. decrease real GDP and raise the interest rate
Federal agencies hold roughly ________ percent of all outstanding Treasury bonds.
A. 40 B. 66 C. 30 D. 50
___ is the Ability and motivation to process a message is high and close attention is paid to message content
Fill in the blank(s) with the appropriate word(s).