A monopolist who is unable to price discriminate:
a. will never produce in the output range where marginal revenue is positive.
b. will never produce in the output range where marginal revenue is negative.
c. will never produce in the output range where demand is inelastic
d. will be characterized by both (b) and (c).
d
You might also like to view...
If workers in an industry become less productive, we would expect the
A) supply of workers to increase. B) supply of workers to decrease. C) demand for workers to decrease. D) demand for workers to increase.
Which of the following groups of workers would be considered part of the short-run supply of court reporters in the Chicago area-labor market?
a. individuals in the Chicago area who are undergoing training as court reporters b. trained court reporters in Indianapolis who are seeking information about relocating to Chicago c. trained court reporters and individuals undergoing training in the Chicago area d. unemployed, trained court reporters who are seeking work in an alternative field in the Chicago area e. trained court reporters working or seeking work as court reporters in the Chicago area
A leftward shift of the market demand curve for HDTVs, ceteris paribus, causes equilibrium price to
A. Decrease and quantity to increase. B. Increase and quantity to increase. C. Increase and quantity to decrease. D. Decrease and quantity to decrease.
All of following are commonly considered to be common property EXCEPT
A) spotted owls in the wild. B) fish in an ocean. C) pigs raised in a farm. D) wild salmon in a river.