Answer to Question #52940 in Microeconomics for Yana

Question #52940
MULTIPLE CHOICE 1. The monopolist's demand curve is: a. identical to the market demand curve. b. identical to the marginal revenue curve. c. below the marginal revenue curve. d. a horizontal line at the market price. e. a U - shaped curve. 2. A natural monopoly is a market where: a. a single firm has control over a vital natural resource. b. many smaller firms can produce the entire market output at the same per - unit cost as could one large firm. c. a single large firm can produce the entire market output at a lower per - unit cost than a group of smaller firms. d. many smaller firms can produce the entire market output at a lower per - unit cost than could one large firm.
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Expert's answer
2015-07-08T00:00:41-0400
a. identical to the market demand curve.
c. a single large firm can produce the entire market output at a lower per - unit cost than a  group of smaller firms.

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