If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the society because
A. Goods will be sold in many markets
B. Cost of production falls and hence price
C. Consumers get better quality goods
D. None of the above answer is correct
Answer: Option B
This Question Belongs to Management >> Managerial Economics
Related Questions on Managerial Economics
The emphasis of managerial economics is on
A. Bonus theory
B. Normative theory
C. System theory
D. Accounting theory
Which is not the subject of Managerial Economics?
A. Accounting Theory
B. Pricing Decision, Policies and Practices
C. Capital Management
D. Profit Management
Which is not covered under the scope of managerial economics?
A. Profit management
B. Accounting theory
C. Pricing policies
D. Production analysis
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