Suppose a Firm Has a Monopoly on the Sale of a Computer

question 287

Multiple Choice

Suppose a firm has a monopoly on the sale of a computer game and faces a downward-sloping demand curve. When selling the 50^th game, the firm will always receive

• A)less marginal revenue on the 50^th game than it received on the 49^th game.
• B)more average revenue on the 50^th game than it received on the 49^th game.
• C)more total revenue on the 50 games than it received on the first 49 games.
• D)Both b and c are correct.

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Definitions:

Aptitude-Treatment Interaction

A theory in educational psychology that suggests the effectiveness of a particular teaching method depends on the learner's aptitude.

Trainees

Individuals who are undergoing training in order to improve their skills for a specific job or activity.

Aptitude

An individual's natural ability or potential to learn and acquire skills or knowledge in a specific area or domain.

Case Study

A research method involving an up-close, in-depth and detailed examination of a subject of study (the case), as well as its related contextual conditions.