Most closely represent a monopolist

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Reference no: EM13839352

1. Which of the following might most closely represent a monopolist?

a. The university in a university town

b. A huge university located in the middle of a large city

c. The nuclear power plant located 40 miles outside a large city

d. OPEC

e. An abandoned mine in the middle of the desert

2. In a monopolistic labor market, the marginal-factor-cost curve is

a. positively sloped and lies above the labor-supply curve.

b. positively sloped and coincides with the labor-supply curve.

c. positively sloped and lies below the labor-supply curve.

d. negatively sloped and coincides with the labor-supply curve.

e. negatively sloped and coincides with the marginal-physical-product curve.

Reference no: EM13839352

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