Which of the Following Is ALWAYS True for a Single-Price

question 80

Multiple Choice

Which of the following is ALWAYS true for a single-price monopolist?

• A) P = MR
• B) P = elasticity of demand
• C) P < MR
• D) P > MR
• E) None of the above answers is correct because none of them is ALWAYS true.

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Definitions:

Departmentalization

The organizational practice of dividing a business into separate departments or units, each focusing on specific tasks or objectives.

Common Supervision

The practice of overseeing and managing employees or departments by a single supervisor or management entity.

More Formalized

Pertains to structures or procedures being more rigorously and precisely specified or organized.

Mechanistic

describes organizations or systems that are highly structured, with clear hierarchical levels, rules, and roles, emphasizing efficiency and predictability in operations.