For a monopolist, average revenues:
A. are always equal to price.
B. equal price only at the profit maximizing quantity.
C. are always zero at the profit maximizing quantity.
D. are maximized when total revenues are maximized.
A. are always equal to price.
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What is an externality? How are positive externalities different from negative externalities?
What will be an ideal response?
Rate of return regulation is most similar to
A) a marginal cost pricing rule. B) an average cost pricing rule. C) an average variable cost pricing rule. D) an inflation cost pricing rule.
It is inappropriate and ultimately foolish to respond to the disruptions of international trade by trying to restrict trade through __________ decisions.
a. policy b. political c. consumer d. business
Which of the following statements is true?
A. American poverty is defined by homelessness and malnutrition. B. Approximately 25 percent of Americans live in poverty. C. American poverty is less severe than global poverty. D. American poverty standards are below world poverty standards.