When a regulatory agency requires a monopolist to use average cost pricing, the intent is to price the product where the:
A: AC curve intersects the MR curve.
B: AC curve intersects the demand curve.
C: MR curve intersects the demand curve.
A: AC curve intersects the MR curve.
B: AC curve intersects the demand curve.
C: MR curve intersects the demand curve.
举一反三
- The best no-trade point for a country on an increasing cost production possibilities curve is where: ( ) A: the curve touches the vertical axis. B: the curve touches the horizontal axis. C: the origin. D: the curve touches the highest indifference curve.
- Monopoly maximizes its profit mainly rely on its ___. A: demand curve B: cost curve C: supply curve D: demand curve and cost curve
- Assume that there is a single firm producing toilet paper and the firm specific demand curve is the same as the market demand curve. If a second firm that also produces toilet paper enters the market what will happen to the firm-specific demand curve of the original firm? A: There is a movement up along the demand curve. B: There is a movement down along the demand curve. C: shifts to the right D: shifts to the left
- A sudden crash in the stock market shifts A: the aggregate-demand curve. B: the short-run aggregate-supply curve, but not the long-run aggregate-supply curve. C: the long-run aggregate-supply curve, but not the short-run aggregate-supply curve. D: both the short-run and the long-run aggregatesupply curves.
- Consider a market with a downward sloping demand curve and an upward sloping supply curve. A $50 tax levied on the producer of the good will cause the market price to: