If a monopoly wishes to sell more output, it must:
A. find a more cost effective way to produce its goods.
B. lower the price.
C. be in the economies of scale range of its ATC.
D. eliminate its existing competition.
A. find a more cost effective way to produce its goods.
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Which of the following is true?
a. Markets determine what goods are going to be produced, but not the distribution of output among members of society. b. Markets determine the distribution of output among members of society, but not what goods are going to be produced. c. Markets determine both what goods are going to be produced and the distribution of output among members of society. d. Government can redistribute income without changing what will be produced in a society.
In Sweden
A. the government has kept unemployment low by offering industry and workers a series of subsidies and incentives. B. education is free from nursery school through college. C. women may take a year off work after child birth while receiving 80 percent of their pay. D. All of the choices are true.
In the open-economy macroeconomic model, if investment demand decreases, then
a. the supply of dollars in the market for foreign-currency exchange shifts left. b. the supply of dollars in the market for foreign-currency exchange shifts right. c. the demand for dollars in the market for foreign-currency exchange shifts left. d. the demand for dollars in the market for foreign-currency exchange shifts right.
Angelina, age seven, decides to dress up like Princess Fiona for Halloween. What is the opportunity cost of her decision?
A. the cost of the costume B. the fact that she can't dress up like Dora the Explorer, her second choice C. zero, because seven-year-olds don't have opportunity costs D. the cost of the Lady Gaga costume which she did not want