Which statement is false?
a.
a monopoly sells lower-quality products at higher prices than in a perfect competition.
natural monopolies are necessary to avoid wasteful duplication of resources
o c.
collusion is legal in the united states, but cartels are not.
d.
the start-up costs in a monopolistically competitive industry are low.
e.
homogeneous products leave consumers with no choice.

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?

Schonhardt corporation's relevant range of activity is 2,500 units to 5,500 units. when it produces and sells 4,000 units, its average costs per unit are as follows: averagecost per unitdirect materials $ 7.60direct labor $ 2.90variable manufacturing overhead $ 1.65fixed manufacturing overhead $ 2.90fixed selling expense $ 0.95fixed administrative expense $ 0.65sales commissions $ 0.75variable administrative expense $ 0.65if 4,500 units are produced, the total amount of fixed manufacturing cost incurred is closest to: multiple choicea $16,800b $11,400c $11,600d $15,400