The Diagram Below Shows Total Revenue for a Single- Price

question 67

Multiple Choice

The diagram below shows total revenue for a single- price monopolist.
FIGURE 10- 3
-A monopolist will be earning positive economic profits

• A)whenever marginal revenue is positive.
• B)whenever marginal revenue equals marginal cost.
• C)when price exceeds average total cost.
• D)at all times,since it controls the market.
• E)when price equals marginal cost.

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Definitions:

Sternohyoid

A muscle in the neck that runs from the sternum to the hyoid bone, playing a role in the movement of the hyoid bone and larynx during swallowing and speaking.

Clavicle

A bone located in the shoulder region, commonly known as the collarbone.

Prime Mover

The muscle primarily responsible for generating a specific movement.

Agonist

A substance that fully activates the receptor to which it binds, leading to a biological response.