236) choose the correct option:1.The demand curve facing a monopolist is the market demand curve for its product. 2.For the monopolist, marginal revenue is always less than the price of the good

1-T,2-T,3-T

1-T,2-T,3-F

1-F,2-F,3-T

1-F,2-T,3-F

Answer is:

1-T,2-T,3-T

1-F,2-T,3-T,4-T

1-F,2-T,3-F,4-T

1-F,2-F,3-T,4-T

1-T,2-F,3-F,4-F

Answer is:

A single firm is very large

The government gives a single firm the exclusive right to produce some good.

The costs of production make a single producer more efficient than a large number of producers.

A key resource is owned by a single firm.

Answer is:

natural monopoly

perfect competitor

government monopoly

regulated monopoly

Answer is:

marginal revenue equals marginal cost

marginal revenue equals price

marginal cost equals price

marginal cost equals demand

Answer is: