Multiple Choice
Which of the following is false?
A) Profit is maximized when MR = MC for both monopolies and perfect competition firms
B) Monopolies profit maximize and perfect competitive firms output maximize
C) Both monopolies and perfect competition firms earn zero profit in the long run
D) At equilibrium, price is higher than marginal cost for monopolies but not for competitive firms
Correct Answer:
Verified
Correct Answer:
Verified
Q40: Suppose you own a firm that produces
Q41: Say a monopolist sells in two separate
Q42: All of the following are true about
Q43: In the long-run, profit maximizing monopolists<br>A)price where
Q44: If the firm facing the demand curve
Q46: A single-price monopolist with a positive marginal
Q47: If a profit maximizing monopolist faces a
Q48: If the demand curve is P =
Q49: The profit maximizing markup (over MC) is
Q50: If the monopolist facing the demand curve