emilybutler
31.03.2020 •
Business
How does the monopolist’s decision compare to the efficient price and output?Choose one:A. The monopolist charges more and produces less.B. The monopolist charges more and produces more.C. The monopolist charges less and produces more.D. The monopolist charges less and produces less.
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Ответ:
Option A is correct one.
Explanation:
The monopolists charges more and produces less
The profit maximizing level of output for a monopoly is where marginal revenue is equal to marginal cost.The monopolist is likely to produce less and charge more in order to maximize profits as compared to efficient price and output.
Ответ:
Both credit cards and payday loans have a high interest rates, but payday loans seems a little bit higher
Credit Cards interest Rates in U.S : 7 - 36 %
Payday Loans : 12 - 30 %