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Will a monopoly always produce at a profit-maximizing level of output?
Wiki User
∙ 9y ago
Most businesses aim to operate at its profit-maximizing level at all times, but many factors make this nearly impossible. For instance, if they are short on workers they wouldn't be able to maximize profits.
Wiki User
∙ 9y ago
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How does natural monopoly function?
A single firm supplies all the output
What should a monopoly do if marginal revenue exceeds marginal cost?
increase output
What is potential output in macroeconomics?
Potential output is the capacity to produce should all factors be employed in an economy. For example, it is the output should there be no unemployment, no spare labour and no spare capital. It is unlikely that actual output will be the same as potential ouput since there is always unemployment.
What is monopoly and how price and output decisions taken under monopoly?
Monopolistic competition refers to the the exclusive possession or control of the supply or trade in a commodity or service.
Is public education a natural monopoly?
Yes public education is a natural monopoly because it is a market that runs most efficiently when 1 large firm supplies all of its output.
How does natural monopoly function?
A single firm supplies all the output
What should a monopoly do if marginal revenue exceeds marginal cost?
increase output
What is potential output in macroeconomics?
Potential output is the capacity to produce should all factors be employed in an economy. For example, it is the output should there be no unemployment, no spare labour and no spare capital. It is unlikely that actual output will be the same as potential ouput since there is always unemployment.
What is monopoly and how price and output decisions taken under monopoly?
Monopolistic competition refers to the the exclusive possession or control of the supply or trade in a commodity or service.
What is the function rules of input and output?
The rule is what actions (operations) the function performs. The only requirement is that for each imput there is an output and that the same input always results in the same output. (Different inputs can have the same output).
AND 20013 and 222692?
The binary AND operation has two inputs and one output.The binary AND operation will always produce a 1 output if both of its inputs are 1 and will produce a 0 output if one or both of its inputs are 0.In binary20013 = 100111000101101222692 = 110110010111100100When you perform an AND on these you get17444 = 100010000100100
Is public education a natural monopoly?
Yes public education is a natural monopoly because it is a market that runs most efficiently when 1 large firm supplies all of its output.
What does an artist's output mean?
could be canvas Answer 2: No, sorry, their output is the works they produce.
How a monopoly firm will not achieve allocative efficiency?
They produce at a different point than a competitive firm, a monopoly produces at a point where marginal revenue= marginal cost, where a competitive firm equates price to marginal cost. The marginal cost curve is lower than the demand curve, but the monopoly charges the price at the demand curve, which is a higher price and a lower quantity than a competitive market would produce.
What are the output what are the output of a computer?
The output of a computer can be purely visual, in which case the output device is a monitor, or it can be printed, in which case the output device is a printer; when computers produce sound, the output device is a speaker.
What kind of market runs most efficiently when one large firm supplies all of the output?
a natural monopoly
What market works runs most efficiently when one large firm supplies all output?
natural monopoly =)
