Identify the True Statements Below

question 163

Multiple Choice

Identify the true statements below.(i) when a competitive firm sells an additional unit of output, its revenue increases by an amount less than the price
(ii) when a monopoly firm sells an additional unit of output, its revenue increases by an amount less than the price
(iii) marginal revenue is the same for both competitive and monopoly firms

• A)(i) and (ii)
• B)(i) and (iii)
• C)(ii) and (iii)
• D)(ii) only

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Definitions:

Unwitting Participants

Individuals who are involved in a research study or experiment without their knowledge or informed consent, often raising ethical concerns.

Heart Rate

The number of times a person's heart beats per minute, indicating cardiovascular health and fitness levels.

Independent Variable

In an experimental setup, the variable that is manipulated by the researcher to examine its effect on the dependent variable.

Confounded Variable

A factor other than the independent variable that might cause or influence the outcome of an experiment, potentially biasing the results.