Which of the Following Is True for a Monopolist

question 14

Multiple Choice

Which of the following is true for a monopolist?

• A)It faces a perfectly elastic demand curve.
• B)It must lower its price on all of its units in order to sell any additional units.
• C)Its marginal revenue curve is equal to its demand curve.
• D)It faces many competitors.

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Definitions:

Open System Protocols

Communication rules and standards that are publicly available and can be used to ensure interoperability and compatibility among different systems and networks.

Internet Protocols

The rules and conventions for communication over the internet, including TCP/IP, HTTP, FTP, and SMTP among others.

Proprietary Protocols

Protocols developed by a company that are privately maintained and not publicly disclosed, often requiring licensing to use.

Domain Name Server (DNS)

A system that translates human-friendly domain names into the numeric IP addresses needed to locate computer services and devices on the Internet.