Ask Question
10 January, 20:07

Because they can control product price, monopolists are always assured of profitable production by simply charging the highest price consumers will pay.

b. the pure monopolist seeks the output that will yield the greatest per-unit profit.

c. an excess of price over marginal cost is the market's way of signaling the need for more production of a good.

d. the more profitable a firm, the greater its monopoly power.

e. the monopolist has a pricing policy; the competitive producer does not. f. with respect to resource allocation, the interests of the seller and of society coincide in a purely competitive market but conflict in a monopolized market.

+1
Answers (1)
  1. 10 January, 20:38
    0
    Because they can control product price, monopolists are always assured of profitable production by simply charging the highest price consumers will pay. False.

    The pure monopolist seeks the output that will yield the greatest per-unit profit. False.

    An excess of price over marginal cost is the market's way of signaling the need for more production of a good. True.

    The more profitable a firm, the greater its monopoly power. Neither false nor true. This can not be easily determined.

    The monopolist has a pricing policy; the competitive producer does not. True.

    With respect to resource allocation, the interests of the seller and of society coincide in a purely competitive market but conflict in a monopolized market. True.

    In a monopoly, one has exclusive control over a supply or trade of a good or service.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Because they can control product price, monopolists are always assured of profitable production by simply charging the highest price ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers