A Monopolist

question 32

Multiple Choice

A monopolist

• A)can raise its price without losing any sales because it is the only supplier in the market.
• B)can earn a greater than normal rate of return in the long run.
• C)always charges a price that is higher than marginal revenue.
• D)both a and b
• E)both b and c

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Definitions:

Vagus

Referring to the vagus nerve, the tenth cranial nerve, which innervates major organs, including the heart, lungs, and digestive tract.

Trigeminal

Pertaining to the trigeminal nerve, which is responsible for sensation in the face and motor functions such as biting and chewing.

Cheek

Side of the face forming the lateral wall of the mouth.

Trigeminal Nerve

A cranial nerve responsible for sensation in the face and motor functions such as biting and chewing.