Which categories of goods are excludable? ( )
A. private goods and club goods
B. private goods and common resources
C. public goods and club goods
D. public goods and common resources
查看答案
What is true of a monopolistically competitive market in long-run equilibrium? ( )
A. Price is greater than marginal cost.
B. Price is equal to marginal revenue.
C. Firms make positive economic profits.
D. Firms produce at the minimum of average total cost.
If a higher level of production allows workers to specialize in particular tasks, a firm will likely exhibit ________ of scale and ________ average total cost. ( )
A. economies, falling
B. economies, rising
C. diseconomies, falling
D. diseconomies, rising
A perfectly competitive firm ( )
A. chooses its price to maximize profits.
B. sets its price to undercut other firms selling similar products.
C. takes its price as given by market conditions.
D. picks the price that yields the largest market share.
For a profit-maximizing monopoly that charges the same price to all consumers, what is the relationship between price P, marginal revenue MR, and marginal cost MC? ( )
A. P = MR and MR = MC.
B. P > MR and MR = MC.
C. P = MR and MR > MC.
D. P > MR and MR > MC.
微信支付 
支付宝支付