Which of the Following Is False

question 126

Multiple Choice

Which of the following is false?

• A) For a monopolist, the law of diminishing marginal returns does not hold.
• B) A monopoly firm will earn profit if it produces the quantity of output at which MR = MC, and charges a price that is above its average total cost.
• C) The monopolist firm searches for the highest per-unit price it can charge for the quantity of output it produces.
• D) The highest per-unit price a monopoly firm can charge is determined by the height of its demand curve.

---

Definitions:

Ethical Dilemma

A situation where one is forced to choose between two morally correct but contradictory actions or decisions.

Sexual Harassment

Unsolicited or improper sexual propositions, pleas for sexual benefits, and additional oral or physical sexual harassment.

Bribes

Illicit payments made to influence the actions or decisions of someone in a position of power.

Ethical Dilemma

A situation in which a person is required to choose between two equally problematic alternatives, often involving a conflict of moral principles.