Which of the Following Statements Is Correct for a Monopolist

question 662

Multiple Choice

Which of the following statements is correct for a monopolist? (i)
The firm maximizes profits by equating marginal revenue with marginal cost.
(ii)
The firm maximizes profits by equating price with marginal cost.
(iii)
Demand equals marginal revenue.(iv)
Average revenue equals price.

• A)(i), (iii), and (iv) only
• B)(i) and (iv) only
• C)(i), (ii), and (iv) only
• D)(i), (ii), (iii), and (iv)

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Definitions:

Cultural Influences

The effects that the customs, beliefs, and social behavior of a society have on individuals and groups within that society.

Sexual Orientation

A lasting tendency of feeling emotionally, romantically, or sexually attracted to men, women, both genders, no gender, or a different gender.

Gender Expression

The external manifestation of an individual's gender identity, usually expressed through behavior, clothing, haircut, voice, and body characteristics.

Clothing

Garments or items worn on the body for protection, adornment, or social cultural reasons.