A monopolist had no production costs

Reference no: EM13896312

If a monopolist had no production costs, it would produce the output where marginal revenue intersects the quantity axis. At this point, the price elasticity of demand would be:

A. 1.
B. relatively elastic.

C. zero.

D. perfectly elastic.

Reference no: EM13896312

Questions Cloud

What is the volume of the piece of turquoise : A piece of turquoise is a blue-green solid; it has a density of 2.65 g/cm3 and a mass of 2.5 g. Which of these observations are qualitative and which are quantitative?

What is the marginal rate of technical substitution : What is the marginal rate of technical substitution?

Now calculate the irr for the project : Now calculate the IRR for the project. Is this an acceptable project? Why or why not? Is there a conflict between your answer to part C?

What is the marginal rate of substitution in microeconomics : What is the marginal rate of substitution in microeconomics?

A monopolist had no production costs : If a monopolist had no production costs, it would produce the output where marginal revenue intersects the quantity axis.

Describe that has had a great effect on popular culture. : Describe the effect he or she has had on African Americans and popular culture. Examine the treatment of this person in the media. Is the way the media treats him or her is representative of how all African Americans are treated? Why or why not?

How poorly they are performing in the areas of profit : how poorly they are performing in the areas of profit

Explain the impact of mergers and joint ventures : Explain the impact of mergers and joint ventures on the market prices and firms. eco/365

What type of energy is used to move the lever : The flashlight in the photo does not use batteries. Instead, you move a lever, which turns a geared mechanism and finally results in light from the bulb. What type of energy is used to move the lever? What type or types of energy are produced?

User Account

All Pages