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Explain why the monopolist produces a lower output and charges a higher price?
Wiki User
∙ 11y ago
monopolist's tend to charge?
a.Lowe; lower
b.higher; lower
c.lower; higher
d.higher; higher
e.higher; the same
Wiki User
∙ 11y ago
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What is persistent in economics?
Persistent dumping is a tendency of a domestic monopolist to charge a higher price in a country as compared to the international price.
What is persistent dumping in economics?
Persistent dumping is a tendency of a domestic monopolist to charge a higher price in a country as compared to the international price.
How does the controller of a monopoly set price of goods?
the monopolist produces at a point where marginal revenue=marginal cost, he uses this quantity, and goes up vertically until the demand curve is met. This quantity is lower than a competitive equilibrium and thus, price is higher as well.
Will a monopolist charge a lower price where demand is price elastic and a higher price where demand is price inelastic?
Yes. A monopolist would tend to charge a price closer to fair market value when the demand for a good is elastic. If not demand would be affected. With a monopoly controlled inelastic good the consumer has no recourse and there for would be and the mercy of the supplier.
How would inflation be different if real income growth were higher Explain?
it will not change the rate
What is persistent in economics?
Persistent dumping is a tendency of a domestic monopolist to charge a higher price in a country as compared to the international price.
What is persistent dumping in economics?
Persistent dumping is a tendency of a domestic monopolist to charge a higher price in a country as compared to the international price.
How do you get a higher rate of return?
Just as getting more money produces a higher rate of return, getting the money sooner also produces a higher rate of return.
Is gounder a high caste?
not only the gounders are of higher caste , they are also the monopolist .... The gounder controls 2/3 of tamil nadu economy and they remain a powerful caste.
Which wire lose or tight of a guitar produces higher frequecy and sharper sound?
A tighter string produces a higher pitched sound and a looser string produces a lower pitched sound
Atoms have higher number of positive charges than negative charges?
the positive number of a atom
How does the controller of a monopoly set price of goods?
the monopolist produces at a point where marginal revenue=marginal cost, he uses this quantity, and goes up vertically until the demand curve is met. This quantity is lower than a competitive equilibrium and thus, price is higher as well.
Will a monopolist charge a lower price where demand is price elastic and a higher price where demand is price inelastic?
Yes. A monopolist would tend to charge a price closer to fair market value when the demand for a good is elastic. If not demand would be affected. With a monopoly controlled inelastic good the consumer has no recourse and there for would be and the mercy of the supplier.
Atoms have a higher number of positive charges than negative charges?
Cations, positively charged atoms e.g. Na+. The positive charges are the protons min the nucleus and the negative charges are electrons.
What is progressive tax?
a tax that charges more for higher incomes
What is a Progressive tax?
A tax that charges more for higher incomes
What may best explain the relationship between excess body fat and higher risk for cancers of the female reproductive system?
Excess body fat produces more estrogen, which may promote tumor development
