[CFA模拟真题] 2006 CFA Level I －NO19 class, average, monopoly, following, regulatory

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19. If a regulatory agency intervenes to reduce prices, a monopoly will most likely expand output to the level where:

Select exactly 1 answers from the following:
A. marginal cost equals supply.
B. average cost equals demand.
C. average cost equals marginal revenue.
D. marginal cost equals marginal revenue.
答案和详解如下！
Feedback: Correct answer: B

 

Economics: Private and Public Choice, 10th edition, James D. Gwartney, Richard L. Stroup, Russell S. Sobel, and David A. Macpherson (South-Western, 2003), pp. 564-565

2006 Modular Level I, Vol. II, pp. 258-259

Study Session 5-23-c

describe how a profit-maximizing monopolist sets prices and determines output and discuss price and output under oligopoly, with and without collusion

 

Given regulatory agency intervention, a monopoly will expand output to the level where average cost equals demand.

gchh

ccc

abner_wang

b

sleeping

c

guis

c

game_four

b

xiaoming

c

zyx8318

[em03]

mostofAed

r

kristinejb

[em01]