A monopoly
a. can set the price it charges for its output but faces a horizontal demand curve so it can earn unlimited profits.
b. can set the price it charges for its output but faces a downward-sloping demand curve so it cannot earn unlimited profits.
c. can set the price it charges for its output and earn unlimited profits.
d. takes the market price as given and earns small but positive profits.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A monopoly a. can set the price it charges for its output but faces a horizontal demand curve so it can earn unlimited profits. b. can set ...” 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
You Might be Interested in
What do u mean by foreign employment
Answers (2)
Seafood restaurant company pays income and other taxes collected by
Answers (1)
In class, we looked at the strategy that the Gap, Inc. uses to satisfy consumers' needs, wants, and desires. Which of their brands target consumers who are interested in classic "great fashion at great prices?
Answers (1)
Consuela noticed significant growth in the hispanic population in her mid-size town. the local grocery carried mostly traditional american products.
Answers (1)
1. If a business has a bad quarter, it is almost always a sign that the business is being mismanaged. True False 2. Businesses should not take risks once they are established and successful. True False 3.
Answers (1)
New Questions in Business
Net worth is the difference between a firm's assets and its liabilities. a. True b. False
Answers (1)
Buyer Jim agreed to a 20-day window to get a survey done. A number of problems have occurred and after 20 days from the signed contract date, buyer Jim has yet to have a survey completed. What is now the status of the sales contract? a.
Answers (1)
Lawrence has worked in his career field for 20 years. one benefit of his experience over younger employees lies in
Answers (1)
Ingredient lists on gum packages remain somewhat vague, even though these labels fall under federal regulations, because the manufacturers feel their ingredient lists are _[blank]_.
Answers (1)
Kirsten is trying to decide where to go for her well earned vacation. She would like to camp, but if the weather is bad, she will have to go to a motel.
Answers (1)