Which of the Following Statements Is True

question 23

Multiple Choice

Which of the following statements is true?

• A)Monopoly profits are generally zero.
• B)Monopoly profits are maximized when total revenue is maximized.
• C)The condition, MC = MR, is the optimizing condition for monopolists and firms in perfectly competitive markets.
• D)Usually the demand and marginal revenue curves for a monopoly are the same.

---

Definitions:

Acetylcholine

A neurotransmitter in the nervous system involved in muscle activation and memory formation.

Dopamine

A neurotransmitter involved in many functions, including motivation, reward, and the regulation of mood and movement.

Norepinephrine

A neurotransmitter and hormone involved in the body's fight or flight response, affecting heart rate and blood pressure.

Sodium

A chemical element (Na) that is essential for life, often found in salt.