Which of the Following Is TRUE

question 228

Multiple Choice

Which of the following is TRUE?

• A) A monopoly firm is a price maker.
• B) MR = P if the demand curve is downward-sloping.
• C) MR = MC is a profit-maximizing rule for firms in perfect competition only.
• D) Monopolies tend to charge lower prices than perfectly competitive firms.

---

Definitions:

Corporal Punishments

Physical punishment, such as spanking or caning, used to discipline an individual, typically a child.

Branding

The process of creating a unique image, name, and identity for a product or service in the consumer's mind.

Amputation

The surgical removal of a body part, typically a limb or extremity, due to injury, disease, or surgery.

Social Control Theory

A theory of crime, proposed by Travis Hirschi, that posits that strong social bonds increase conformity and decrease deviance.