Which of the following statements is true? As a consequence of the monopoly firm producing the quantity of output at which price equals marginal cost, it is resource allocative efficient.Correct!As a consequence of the perfectly competitive firm producing the quantity of output at which price equals marginal cost, it is resource allocative efficient.a and bnone of the above Question 21 / 1 ptsIf a monopoly firm produces the quantity of output at which MR = MC, and charges a price greater than average total cost, it necessarily Question 3
1 / 1 pts Second-degree price discrimination is discrimination among Question 41 / 1 ptsIf a monopolist practices perfect price discrimination, then it will have Question 5
1 / 1 pts Barriers to entry include all of the following exceptexclusive ownership of a scarce resource. patents.public franchises.Correct!diseconomies of scale.government licenses.
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