Which Statement Is TRUE

question 39

Multiple Choice

Which statement is TRUE?

• A) If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling more units at a lower price per unit.
• B) If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling fewer units at a higher price per unit.
• C) When a monopolist produces where MR < MC it always earns a positive economic profit.
• D) A monopolist is guaranteed monopoly profits by the government.

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Definitions:

Alan Westin

A scholar and advocate best recognized for his pioneering work in the field of privacy rights and information technology.

Society

A collection of people engaged in ongoing social interaction, or a significant social group occupying the same geographic or social area, generally governed by the same political authority and prevailing cultural norms.

Privacy Rights

Legal entitlements that protect individuals from unauthorized access to personal information and intrusion into their personal affairs.

Supreme Court

The highest judicial body in a country, typically having the ultimate appellate jurisdiction.