A. |
Always charge a higher price in the market where he sells less
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B. |
Always charge a higher price in the market where he sells more
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C. | Charge the same price in both markets |
D. |
Adjust his sales in the two markets so that his MR in each market just equals his aggregate marginal cost
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Option: D Explanation : Click on Discuss to view users comments. |
A. | The monopolist has his way |
B. | The monopsonist has his way |
C. | The monopolist acts as a competitor |
D. |
The monopsonist sells his own product in a monopoly market
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Option: A Explanation : Click on Discuss to view users comments. |
A monopoly producer usually earns
A. | Abnormal profits |
B. | Neither profits nor losses |
C. | Only normal profits |
D. | Profits and losses which are uncertain |
Option: A Explanation : Click on Discuss to view users comments. |