If a Firm Is a Monopolist in Its Output Market

question 40

Multiple Choice

If a firm is a monopolist in its output market and a competitor in an input market, its input bundle will be chosen so that:

• A)VMP is not equal MRP for that input.
• B)VMP = MRP for that input.
• C)VMP > MRP for that input.
• D)VMP < MRP for that input.

---

Definitions:

Genocide

The deliberate and systematic extermination of an ethnic, racial, national, or religious group, aiming to destroy its members in whole or part.

Hutus and Tutsis

Ethnic groups primarily associated with Rwanda and Burundi, historically intertwined and affected by colonial history and conflict.

Saddam Hussein

Former president and dictator of Iraq, known for his brutal regime and eventual overthrow and execution.

Political Organization

Structures and institutions through which communities and societies govern themselves and make decisions affecting their members.