Monopoly maximizes its profit mainly rely on its ___.
A: demand curve
B: cost curve
C: supply curve
D: demand curve and cost curve
A: demand curve
B: cost curve
C: supply curve
D: demand curve and cost curve
举一反三
- An increase in labor productivity shifts the A: labor demand curve rightward. B: labor demand curve leftward. C: labor supply curve rightward. D: labor supply curve leftward
- In a monopoly, the market demand curve is:
- Rising oil prices in the U.S. during the 1970s caused the economy’s ( ) A: aggregate supply curve to shift to the right. B: aggregate supply curve to shift to the left. C: aggregate demand curve to become vertical. D: aggregate demand curve to become horizontal.
- When a regulatory agency requires a monopolist to use average cost pricing, the intent is to price the product where the: A: AC curve intersects the MR curve. B: AC curve intersects the demand curve. C: MR curve intersects the demand curve.
- If the Engel curve slopes up, then the demand curve slopes down.