Which of the Following Is TRUE of a Monopoly

question 432

Multiple Choice

Which of the following is TRUE of a monopoly?

• A) It can always increase its revenue by increasing the price to its customers.
• B) It will always operate somewhere along the inelastic portion of the demand curve.
• C) Its marginal cost curve is always downward sloping.
• D) None of the above is correct.

---

Definitions:

Anxiety Disorders

A group of mental health disorders characterized by significant fear or anxiety that interferes with daily activities.

Mood Disorders

Psychological disorders characterized by the elevation or lowering of a person's mood, such as depression or bipolar disorder.

Conduct Disorder

A mental disorder diagnosed in childhood or adolescence characterized by a persistent pattern of disruptive and violent behaviors.

Prevalence

The frequency of a disorder in a population at a given point or period of time.