Which of the following statements about a non-discriminating monopoly firm is correct?
a. It charges a price greater than its marginal cost.
b. Its high prices generate inflation.
c. It charges a price that maximizes its total revenues.
d. As a price setter, it can ignore market demand.
e. It has no incentive to produce each output level at the lowest possible cost.
A
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The table below gives the quantities and prices for 2010 and 2015 for an economy that produces just two goods: sailboats and coconuts. Quantity producedPrice 2010201520102015Sailboats1020$500$525Coconuts2,0002,400$1$2For this economy that produces just sailboats and coconuts, and with 2010 is the base year, real GDP was approximately ________ times larger in 2015 than it was in 2010.
A. 1.77 B. 2.19 C. 1.34 D. 1.65
The two main tools of macroeconomic policy include monetary policy, and fiscal policy, which involves __________ spending.
A. business B. government C. household D. capital market
In the table above, how many jackets must Mark forgo for every dress he makes?
A) 2/3 of a jacket B) 1 jacket C) 24 dresses D) 16 jackets E) 1 1/2 jackets
If the price of a company's stock is expected to fall in the future, then people holding such shares will have an incentive to get rid of them
a. True b. False Indicate whether the statement is true or false