Home
Earn $100 Online Daily. Work From Home. Click Here

What is the correct answer?

4

If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the society because:

A. Consumers get better quality goods

B. Cost of production falls and hence price will follow

C. Goods will be sold in many markets

D. None of the above

Related Questions

For the equilibrium of the firm and the industry in the short period in… The vertical demand curve for a commodity shows that its demand is: Airlines that try to lower fares in order to increase revenues believe… In cournot model, each firm makes decision regarding: In case of income effect, the level of consumers satisfaction rises when: Marginal Utility (MU) curve is always: The Law of Diminishing Marginal Returns can be explained in terms of: Which of the following is not characteristic of perfect competition? A decrease in demand lowers the price the most: Nash equilibrium says: A maximin strategy: Economics is a: Normally when price per unit of time falls: The combination of labor and capital where the cost of a given output… If a straight line supply curve makes an intercept on the Y-axis, elasticity… A monopoly producer usually earns: Rational economic behavior on the part of the consumer means that he will: Indifference curve approach (ordinal approach) is superior to utility… An increase in the supply of a commodity is caused by: Rotten eggs are: Which of the following is an implicit cost of production? When a consumer is in equilibrium then slope of indifference curve is: Which of the following is not a characteristic of a perfectly competitive… The pay-off matrix shows: Marshallian approach is also known as: The proportionality rule in production requires that the ratios of MP… Who developed the concept of Representative Firm? Used cars are sold in: A firm can never produce in the middle area of input space, in case of: Most of the supply curves with which the average consumer deals are: