A Monopolist's TC Function and MC Functions Are as Follows

question 33

Multiple Choice

A monopolist's TC function and MC functions are as follows: TC = 20 + 4Q and MC = 4. This monopolist can be said to have which of the following characteristics?

• A) It must be producing at the socially optimal level of output.
• B) It is a natural monopoly.
• C) The marginal cost curve rises at an increasing rate.
• D) It is one of two firms in the industry.

---

Definitions:

Organisation Development Interventions

Planned efforts to improve an organization's effectiveness, health, or capacity through changes in processes, culture, or structure.

Individual

A single human being as distinct from a group, class, or family.

Team

A collection of people who regularly interact to pursue common goals.

Career Portfolio

A collection of documents and materials that showcase an individual's skills, accomplishments, and experiences, typically used in job applications or career development.