Question
21,22Which of the following statements is not true? A monopolist's marginal revenue is always less than the price because of the down-ward sloping demand curve.
21,22Which of the following statements is not true?
A monopolist's marginal revenue is always less than the price because of the down-ward sloping demand curve.
Price discriminations always give a more profit for a monopolist.
A monopolist can face government regulations.
A monopolist usually charges a higher price than a competitive price, while it sells more units than a competitive firm for a more profit.
Which of the following statements is not true?
In case of a monopoly market, governments sometimes try to privatize to increase consumer surplus.
In case of a monopoly market, some CS is transferred to monopoly profit.
In case of a monopoly market, the firm produces where MR=MC.
In case of a monopoly market, the US government uses the Herfindahl-Hirschman Index to measure the degree of market concentration.
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