In the model of monopolistic competition, compared to a firm with a lower marginal cost, a firm with a higher marginal cost will set a ________ price, produce ________ output, and earn ________ profits.
A: higher; less; more
B: higher; less; less
C: lower; less; less
D: lower; more; more
A: higher; less; more
B: higher; less; less
C: lower; less; less
D: lower; more; more
举一反三
- Susan likes to drink sodas. The ( ) soda Susan drinks, the ( ) of the last soda. A: more; higher the marginal benefit B: less; higher the opportunity cost C: less; lower the marginal benefit D: more; lower the marginal benefit
- Compared to a single-price monopoly, a perfectly competitive market with the same costs produces ________ output and has a ________ price. A: less; lower B: less; higher C: more; lower D: more; higher
- A firm with a higher degree of operating leverage when compared to the industry average implies thatthe A: Firm has higher variable costs. B: Firm's profits are more sensitive to changes in sales volume. C: Firm is more profitable. D: Firm is less risky.
- When prices are low people will buy more, and when prices are high they will buy ________. A: more B: higher C: less D: lower
- ________ positioning involves providing the most upscale product or service and charging a higher price to cover the higher costs. A: More for more B: More for the same C: More for less D: Same for less