A monopolist can earn above normal profit entry by other firms will occur. True or false

Your textbook covered 4 possible ways to deal with a natural monopoly.  Which approach would be best for consumers? Group of answer choices Regulators would force the monopolist to set its price equal to its marginal cost. Let the natural monopoly charge enough to cover its average costs and earn a normal rate of profit. Regulators would allow the monopolist to continue with no government regulation. Regulators would split the monopolist into two competing firms.

If a profit maximizing monopolist operates where P=$1 and the e = -4/3, what is the value of its MC when it is maximizing profits?

Single Price Monopolists produce where P=MC True False

A profit−maximizing monopolist will never operate in the portion of the demand curve with price elasticity equal to     A. −1.   B. −0.5.   C. −8.   D. Any of the above—the price elasticity does not matter.

True/False with explanation: Monopolist will never operate in the inelastic portion of the demand curve (assuming that the monopolist is not facing a constant-elasticity demand curve)

If variable costs decrease, what will a monopolist do?     a raise prices and reduce output. b lower prices and expand output. c raise prices and expand output. d lower prices and reduce output.

In order for a monopolist to sell a quantity of 12 units, the price must be $6. Marginal revenue at this quantity will be: Group of answer choices > $6 and < $12 = $6 < $6 > $12

A monopolist firm sells good Q and demand is Q = 26 - P, where P is price. The firm's total cost is TC = 16 +5Q. If the firm decides to produce and sell Q = 11 units, then its resulting profit is $76 $82 $88 $94

True of False: A monopolist selling cars in New York finds it unprofitable to raise price by 10% above the current level. Thus, the relevant market is cars in New York.