Which of the Following Statements Is True

question 65

Multiple Choice

Which of the following statements is true?

• A)For a monopoly firm, its marginal revenue curve and demand curve share two points in common.
• B)A monopoly firm is a price taker; it takes the price government sets.
• C)A firm that maximizes revenue automatically maximizes profit.
• D)Maximizing revenues is the same as maximizing profits only when the firm has no variable costs.
• E)a and d

---

Definitions:

Nonsexual Affection

Expressions of care or love that do not involve sexual activity, such as hugging or kissing on the cheek.

Americans

Citizens or nationals of the United States of America, characterized by a diverse population with a wide range of cultural, ethnic, and political backgrounds.

Marry

The legal or formally recognized union of two people as partners in a personal relationship, historically and typically in the context of a marriage ceremony.

Playboy

A man who engages in numerous casual sexual encounters or relationships and often is perceived as prioritizing leisure and pleasure.