The imposition of a ceiling on a monopolist's price will affect his
A. | Equilibrium output only |
B. | Average revenue in the short-run only |
C. | Profits only |
D. | Equilibrium output and profits |
Option: D Explanation : Click on Discuss to view users comments. |
A. | Equal to or less than one |
B. | Greater than or equal to one |
C. | Less than one but more than zero |
D. | Zero |
Option: C Explanation : Click on Discuss to view users comments. |
A. |
Levels of satisfaction among which the consumer is indifferent
|
B. | The optimum level of satisfaction |
C. | The higher level of utility |
D. | The same lower level of satisfaction |
Option: C Explanation : Click on Discuss to view users comments. |
A. | Price is greater than marginal cost |
B. |
Average revenue is greater than marginal revenue
|
C. | Both (A) and (B) |
D. |
Average revenue is equal to marginal revenue
|
Option: C Explanation : Click on Discuss to view users comments. |
A. |
The MC should rise at the point of equilibrium under perfect competition whereas under monopoly it can rise, fall or remain constant
|
B. |
Under perfect competition, the MC = MR whereas under monopolistic conditions this need not be the case
|
C. | There is no difference at all |
D. | None of the above |
Option: A Explanation : Click on Discuss to view users comments. |