Write about gordon tullocks views on monopolists

Assignment Help Microeconomics

Reference no: EM13825518

Problems-

1. Assuming fixed quantities of other inputs, the total product curve relates:

A) output to variable cost.

B) fixed cost to variable cost.

C) output to a variable input.

D) output to total cost.

2. Economist Gordon Tullock suggests that monopolists may use up their ______________ to engage in rent-seeking behavior.

A) economic profits

B) marginal costs

C) deadweight loss

D) marginal revenue

Additional Information-

These multiple choice problems belong to Economics. The first problem is about total product curve and the second problem is about Gordon Tullock's views on monopolists.

Reference no: EM13825518

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