If a Pure Monopolist Is Operating in a Range of Output

question 281

Multiple Choice

If a pure monopolist is operating in a range of output where demand is elastic,

• A)it cannot possibly be maximizing profits.
• B)marginal revenue will be positive but declining.
• C)marginal revenue will be positive and rising.
• D)total revenue will be declining.

---

Definitions:

Printer

A device that transfers text and images from a computer onto paper or other media.

Hardware

The physical components of a computer system, such as the CPU, memory, and input/output devices.

IT

Information Technology, which involves the use of computers, storage, networking, and other physical devices, infrastructure and processes to create, process, store, secure, and exchange all forms of electronic data.

Law Enforcement

The system by which certain members of society act in an organized manner to enforce the law by discovering, deterring, rehabilitating, or punishing people who violate the rules and norms governing that society.