Bob owns a trout farm with monopoly power in north carolina. bob's optimal output occurs where marginal revenue because of monopoly power, bob's supply curve select one: a. exceeds marginal cost; is perfectly inelastic b. equals marginal cost; does not exist c. equals marginal cost; is upward sloping d. exceeds marginal cost; does not exist

The questions of economics address which of the following ? check all that apply

Digitalhealth electronics inc. is a company that builds diagnostic devices. it was the first company to develop a compact mri scanner by reconfiguring the components of the mri technology. this smaller and user-friendly version of the huge mri scanner created demand from small hospitals, nursing homes, and private practice doctors who were earlier dependent on the scanning machines in large hospitals. which of the following types of innovations does this scenario best illustrate? a. disruptive innovation b. incremental innovation c. radical innovation d. architectural innovation

How are credit unions similar to banks