Which of the following is NOT true regarding monopoly?
A. Monopoly is the sole producer in the market.
B. Monopoly price is determined from the demand curve.
C. Monopolist can charge as high a price as it likes.
D. Monopoly demand curve is downward sloping.
查看答案
Which of the following is true at the output level where P=MC?
A. The monopolist is maximizing profit.
B. The monopolist is not maximizing profit and should increase output.
C. The monopolist is not maximizing profit and should decrease output.
D. The monopolist is earning a positive profit.
Assume that a profit maximizing monopolist is producing a quantity such that marginal revenue exceeds marginal cost. We can conclude that the
A. firm is maximizing profit.
B. firm's output is smaller than the profit maximizing quantity.
C. firm's output is larger than the profit maximizing quantity.
D. firm's output does not maximize profit, but we cannot conclude whether the output is too large or too small.
To find the profit maximizing level of output, a firm finds the output level where
A. price equals marginal cost.
B. marginal revenue and average total cost.
C. price equals marginal revenue.
D. all of the above
E. none of the above
As the manager of a firm you calculate the marginal revenue is $152 and marginal cost is $200. You should
A. expand output.
B. do nothing without information about your fixed costs.
C. reduce output until marginal revenue equals marginal cost.
D. expand output until marginal revenue equals zero.
E. reduce output beyond the level where marginal revenue equals zero.
微信支付 
支付宝支付