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:

Antecedent

An event, condition, or factor that precedes and influences the outcome of a situation or behavior.

Social Gathering

An event or assembly of people coming together for the purpose of socializing, celebrating, or participating in a common activity.

Emotion Distress

Negative feelings such as sadness, anxiety, or anger that can interfere with daily activities and overall wellness.

Destructive Thought

Negative or harmful patterns of thinking that can impair mental health and lead to maladaptive behaviors or attitudes.