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

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Production indifference curve (isoquant) is a curve which shows:
  2. Total fixed costs are:
  3. We can obtain consumers demand curve from:
  4. Normally when price per unit of time falls:
  5. According to Robbins, economics is a:
  6. All of the following are capital resources except:
  7. In the modern theory of costs, the level of production which the firm considers feasible is known as:
  8. At low prices, demand is likely to be:
  9. Opportunity costs are also known as:
  10. Law of Returns to Scale shows:
  11. For a few products such as insulin for diabetics,:
  12. If production increases under increasing returns to scale, the cost will:
  13. Utility is a function of:
  14. Which of the following is not a U shaped curve:
  15. In a perfectly competitive market, suppliers must know:
  16. Repetition of a game (Repeated Game):
  17. A demand curve is not related to:
  18. Whish of the following represents the average revenue curve of a firm?
  19. If there are many firms producing similar but differentiated products, the competition is generally…
  20. Which of the following statement is wrong?
  21. If X and Y are close substitutes, a rise in the price of X will lead to:
  22. In case of complementary factors, the isoquants are:
  23. In perfect cartel, the:
  24. A firms profit is equal to:
  25. After reaching the saturation point consumption of additional units of the commodity cause:
  26. Which of the following pairs of commodities is an example of substitutes?
  27. In monopolistic competition, because of difference in choices, the firm charges:
  28. The isoquant approach is based upon:
  29. If demand increased and supply decreased then:
  30. Consumers Surplus can also be defined as: