A Major Difference Between a Single-Price Monopolist and a Perfectly

question 35

Multiple Choice

A major difference between a single-price monopolist and a perfectly competitive firm is that the

• A) monopolist can maximize profit by setting the price of the output where demand is inelastic.
• B) monopolist can always increase its profits by increasing the price of its output.
• C) monopolist's marginal revenue is less than price.
• D) monopolist is guaranteed to earn an economic profit.

---

Definitions:

Anorexia

An eating disorder characterized by an obsessive fear of gaining weight, leading to a refusal to maintain a healthy body weight and an unrealistic perception of body image.

Death Rate

A measure of mortality for a given population, listed as the number of deaths per unit of time or a particular number of the population.

Recurs

Happens again or reappears after a period of absence, often used to describe symptoms, phenomena, or events.

Binge Eating Disorder

An eating disorder characterized by frequent episodes of consuming very large amounts of food without subsequent purging behaviors, leading to feelings of distress.