Which of the Following Statements Is TRUE

question 68

Multiple Choice

Which of the following statements is TRUE?

• A)If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling
• More units at a lower price per unit.
• B)If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling
• Fewer units at a higher price per unit.
• C)When a monopolist produces where MR = MC it always earns a positive economic profit
• D)A monopolist is guaranteed monopoly profits.

---

Definitions:

Transmission Fluid

A lubricant used in the transmission system of a vehicle to cool and protect the moving components.

Gasket Sealing Compound

A substance applied to gaskets in order to enhance their sealing capabilities, preventing leaks between component interfaces.

Converter-Out Oil Temperature

The temperature of the oil exiting the torque converter in an automatic transmission, important for monitoring transmission health.

Operating Temperature

The span of temperatures at which a mechanical or electronic device is engineered to operate at its best.