If a Firm Has a Monopoly in Both the Production

question 3

Multiple Choice

If a firm has a monopoly in both the production and distribution of a product and the managers of both the production and distribution divisions maximize profits, all of the following are true except which one?

• A)The firm will maximize its total profit.
• B)The manager of one of the divisions should be instructed to maximize profit and the manager of the other division should be instructed to operate as a perfectly competitive firm.
• C)A successive monopoly will occur within the firm.
• D)Double marginalization will occur within the firm.

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