A Monopolist Will

question 30

Multiple Choice

A monopolist will

• A)always charge a price higher than average cost.
• B)always charge a price higher than marginal cost.
• C)always produce a level of output at which marginal revenue equals marginal cost.
• D)both b and c
• E)all of the above

---

Definitions:

Education Attainment

The highest level of education an individual has completed, often used as an indicator of skill, knowledge, and socioeconomic status.

Death Rates

A measure of the number of deaths in a particular population, scaled to the size of that population, per unit of time.

Occupational Segregation

The division of jobs in the labor market based on demographic characteristics, such as gender or ethnicity, leading to unequal job opportunities and pay.

Ethnicity

A social category based on common culture, language, ancestry, or national experience, distinguishing groups of people in society.