Monopolies are inefficient compared to perfectly competitive firms because monopolies produce output with average total cost exceeding average revenue produce output with average total cost exceeding average revenue A produce more output than is social desirable produce more output than is social desirable B charge a price less than marginal revenue charge a price less than marginal revenue C charge a price greater than marginal cost charge a price greater than marginal cost D charge a price less than average total cost

Answers

Answer 1

Answer:

C. charge a price greater than marginal cost charge a price greater than marginal cost

Explanation:

A monopoly exists when the person or the enterprise is the sole provider of the goods and commodities. The supplies have complete control of the market as they form a single entity. They are thus characterized by a lack of economic competition. Due to they are monopolies they change higher prices on the outputs rather than the average revenue. Hence are called price setters.

Related Questions

What is a tagline?

(Principles Of Business Management)

Answers

A tagline is a catchphrase or slogan used to advertise a brand. It is a short phrase or a series of phrases,often presented in conjunction with a brand logo,that is intended to add meaning to a brand

Answer:

Explanation:

A tagline is a short phrase used in marketing campaigns of a business to sum up the value of a brand or its products and create a positive brand impression.

The time attendance system in the production division at MM, an automobile manufacturing company, was malfunctioning. Consequently, Greg Hill, one of the front-level managers, sent it for repair. In the meantime, he placed a register where all workers of the production division had to provide their time of entry and exit from office. At the end of the week, when looking through the time logs, he had certain concerns about a group of employees. In the next week, he personally tracked the time this group of employees spent working and realized that they were reporting a greater number of working hours than they actually worked. This group engaged in a barrier to communication called _

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I don’t like to ready it’s called the pizza pizza Liza Liza can I get brainless

A special type of project team that focuses on the verse in designing a implement a new product is a

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Answer:

Product development team.

Explanation:

Product development team is special type of team which is formulated for designing a product and implement a new product. The product development team is responsible for the research of the new product and then formulae design for the product and then implement the product.

Someone broke into your apartment and stole all of your stuff. Luckily, you
have renter's insurance. How do you request that your insurance pay for
the lost items?
A. file a claim
B. Write a deductible
C. Submit a powerpoint presentation
D. Prepare a lease

Answers

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Answer: A, file a claim

Explanation:

I hope this helped!

<!> Brainliest is appreciated! <!>

- Zack Slocum

*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆**☆*――*☆*――*☆*――*☆

Answer:

A. file a claim

Explanation:

The answer is A. If you are on TeachBanzai because I did this a couple months ago and got 100%

Which of these choices shows the smartest thinking?
ОА.
I use my credit card very carefully and I always pay my credit card bill the
minute I get it.
I use my credit card very carefully and I always pay my credit card bill the
day it is due.
Ов,
Oc. I use my credit card for impulse shopping.
OD. I use my credit card to help my friends buy stuff they cannot afford,

Answers

Ob is the smartest thinking I think

Pleaseee help
P
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E
A
S
E

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Answer:

What should I help dude

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