Which of the Following Falsely Describes a Nondiscriminating Monopolist at Profit

question 96

Multiple Choice

Which of the following falsely describes a nondiscriminating monopolist at profit maximization?

• A)Price is greater than marginal cost.
• B)Economic profit is always positive.
• C)Marginal revenue is equal to marginal cost.
• D)Marginal revenue will typically be less than price.
• E)Average total cost will not be at a minimum.

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Definitions:

Central Nervous System

A network of nerve tissues responsible for regulating body functions, which includes both the brain and the spinal cord.

Neurotransmitters

Chemical substances in the nervous system that transmit signals across a synapse from one neuron to another, involved in virtually every aspect of brain function.

Responsiveness

The quality of reacting quickly and positively to stimuli or requests.

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Medications used to treat anxiety disorders by reducing symptoms such as worry, fear, and panic attacks.