A monopolistic fields its profit-maiming output by equating the marginal revenue
ID: 1205010 • Letter: A
Question
A monopolistic fields its profit-maiming output by equating the marginal revenue from adverting with the marginal revenues from selling the good setting average revenue to average total cost equating marginal revenue and marginal cost equating price and marginal revenue Independence is the key characteristic of perfect monopolistic corruption monopoly If the merger between American and U.S. Airways is permitted this would be an example of a horizontal merger vertical merger monopoly If the merger between American and US airways is permitted this would be an example of a horizontal merger vertical merger monopoly excess capacity Suppose that cheese bank announces an increase in the prime rate it changes and by the end of the day, all other banks in the nation match the increase. This is an example of Which of the following statement with to international economics is true? is a relatively new field is a relatively old filed most of its contributes were not economists none of the above Absolute advantage is: the ability to produce a higher quality output for a given input than another producer can the ability to produce more output from a given quantity of economics re source than another products can the ability to produce product faster than another can the ability to produce more output of one goof relative to another good than another producer can Comparative advantage is: the ability to produce more output of one good relative to another good than another producer can the ability to produce more output of all goods than anyone 3 else can the ability to produce more output of all goods than nayone can the ability to produce more output from a given quantity of economic resource than another procedure can If there are two goods and two countries then one country can have: an absolute advantage in both goods, but a comparative advantage in only one good an absolute advantage in both goods, and a comparative advantage in both goods. an absolute in one goods, an absolute disadvantage in the other good, and comparative advantage in neither good an absolute advantage in nether goods, but a comparative advantage in both goodsExplanation / Answer
10. The correct answer is option C: By equating the marginal revenue with its marginal costs.
The option is correct since in order to find the equilibrium level of output the marginal revenue will have to be equated to the marginal cost.
11. The correct answer is option A: Perfect Competition
In a perfect competition there will be equal demand and equal supply of goods which is attributed by Interdependence. Hence option A is correct.
12. The Correct answer is option A: Horizontal Merger
Horizontal Merger occurs between two companies in the same industry that operate in the same space, often as competitors offering the same good or service.
13. The correct answer is option B: Price Leadership
Price leadership is a concept where a dominant company in the market sets a price, which is then followed by all the other competitors in the same market.
14. The correct answer is option B: It is a relatively old field
International Economics deals with the study of trade between countries whcih had been existence for a very long time. Hence it is a relatively old field.
15. The correct answer is option A: The ability to produce a higher quality of output for a given input than another producer can.
Absolute Advantage is defined as the ability to produce a good with limited or fewer inputs.
16. The correct answer is option A: The ability to produce more output of one good relative to another good than another producer can.
Comparative Advantage is defined as the ability to produce a good at a lower opportunity cost.
17. The correct answer is option B: An absolute advantage in both goods and a comparative advantage in both goods.
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