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:

Spot Rate

The current market price at which a particular asset can be bought or sold for immediate delivery.

Discount

The reduction in the nominal value of something or the process of determining the present value of future cash flows.

Direct Quote

In foreign exchange, a price quote that specifies the domestic currency price of one unit of foreign currency.

Indirect Quote

A currency quotation in the foreign exchange markets that expresses the amount of foreign currency required to buy or sell one unit of the domestic currency.