aI will silently guard at your side 我将沈默地守卫在您的边 [translate] aturn off phone 关闭电话 [translate] aA monopolist’s marginal revenue is always less than the price of its good (MR < P) 垄断者的边际收入比价格总是较少的它好(先生< P) [translate] ...
A monopolist's marginal revenue is less than the price of its product because: (1) its demand curve is the market demand curve, so (2) to increase the amount sold, the monopolist must lower the price of its good for every unit it sells. (3) This cut in prices reduces revenue on ...
If the marginal revenue is equal to the marginal cost, doesn't that mean that the firm is making zero profit? Why is that referred to as the "profit maximizing point?" The monopolist is characterized as a price-taker. a) Why does a prof...
aA monopolist’s marginal revenue is always less than the price of its good (MR < P) 垄断者的边际收入比价格总是较少的它好(先生< P)[translate] aA monopolist’s marginal revenue curve always lies below its demand curve. 垄断者的边际收入曲线在它的需求曲线之下总说谎。[translate]...
Explain why price is greater than marginal revenue for a single-price monopolist and how this differs from perfect competition. What is the profit maximizing price and output for a monopoly? Explain. Explain how consumer surplus changes when a monopol...
If a monopolist has zero marginal costs, it will produce<br/> A、the output at which total revenue is maximized.<br/> B、in the range in which marginal revenue is still increasing.<br/> C、at the point at which marginal revenue is at a maximum.<br/> D、i
B) equal to average revenue. C) less than price. D) more than price. Answer: C Diff: 1 Section: 10.1 Figure 10.1.1 2) Refer to Figure 10.1.1 above. For the monopolist shown below, the profit maximizing level of output is: A) Q1. B) Q2 C) Q3 D) Q4. Answer: A Diff: 1 ...
Thus, the supply can be limited to produce the profit-maximizing price.垄断下对产量有控制,所以产量越少,价格越高.Answer (C) is incorrect because A monopolist will increase supply as long as the demand curve is inelastic. Inelasticity means that an increase in price will cause a less-than- ...
The monopolist is the sole supplier of the good in question. A customer either buys from the monopolist on her terms or does without. Number of competitors: PC markets are populated by an infinite number of buyers and sellers. Monopoly involves a single seller. Barriers to Entry – Barriers ...
The profit maximizing output level of a monopolist occurs where marginal revenue equals marginal cost. Marginal revenue is always less than price under imperfectly competitive markets because to sell an extra unit of output the firm must lower the price of all units, not just the marginal one.3...