In perfect competition,the price __________;and in a monopoly,the price __________.
A) is zero;is positive
B) is greater than the marginal cost;is equal to the marginal cost
C) is less than the marginal cost;is greater than the marginal cost
D) is equal to the marginal cost;is greater than the marginal cost
E) is positive;is zero
Correct Answer:
Verified
Q3: To get increasing returns to scale using
Q4: In economics,a nonrival good is one that:
A)cannot
Q5: If Y is a good's output,X is
Q6: The markup is defined as:
A)the percentage of
Q7: In economics,a rival good is one that:
A)cannot
Q8: Which of the following are nonrival goods?
A)a
Q10: If there are large fixed costs,due to
Q11: Which of the following are (an)example(s)of idea(s)?
A)new
Q13: The difference between total factor productivity (TFP)
Q15: Because, in many industries the cost of
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