Which of the Following Statements Regarding a Monopolist's Profit Maximizing

question 30

Multiple Choice

Which of the following statements regarding a monopolist's profit maximizing condition is false?

• A)The monopolist's profit-maximizing price will be greater than marginal cost for the last unit supplied.
• B)A monopolist can earn positive economic profit.
• C)Because monopoly price is above marginal cost and a monopoly earns positive economic profit, there are no benefits to consumers in the monopoly market.
• D)Price equals average revenue at the profit-maximizing quantity of output.

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Definitions:

Outsourcing

Contracting with another organization (vendor, third-party provider, or consultant) to provide services.

Recruitment Sources

Various channels through which potential job candidates can be found, including online job boards, recruitment agencies, and social media platforms.

Private Employment Agencies

Businesses that match employers with job seekers for a fee, offering services ranging from temporary to permanent placement.

Blue-Collar

Blue-collar refers to types of employment or workers involved in manual labor or skilled trades, often involving physical work.