A monopolist can:
举一反三
- The lowest possible price the monopolist can charge and still prevent entry is called the limit price（ ）
- Assume a non-price discriminating monopolist can sell 20 units of a good for 4.00 each and can sell 21 units of that good for $ 3.85 each. The marginal revenue of the 21st unit is:
- Which of the following statements about a monopolist is least accurate（） A: The monopolist faces a downward sloping demand curve. B: Unlike an oligopolist, a monopolist will always be able to earn economic profit. C: A profit-maximizing monopolist will expand output until marginal revenue equals marginal cost.
- Suppose we know that a monopolist is maximizing its profits. Which of the following must be true? The monopolist has:
- Which of the following statements about a monopolist is least accurate A: A profit-maximizing monopolist will expand output until marginal revenue equals marginal cost. B: A profit-maximizing monopolist will supply less of his product than the amount consistent with the conditions of ideal static efficiency for an economy. C: A monopolist will always be able to earn economic profit.