If a Nondiscriminating Pure Monopolist Decides to Sell One More

question 214

Multiple Choice

If a nondiscriminating pure monopolist decides to sell one more unit of output, the marginal revenue associated with that unit will be

• A)equal to its price.
• B)the price at which that unit is sold less the price reductions that apply to all other units of output.
• C)the price at which that unit is sold plus the price increases that apply to all other units of output.
• D)indeterminate unless marginal cost data are known.

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Definitions:

Motivators

Factors that increase an individual's drive to perform actions or engage in behavior towards achieving a goal.

Working Conditions

The environment, terms, and circumstances under which an individual is employed, including hours, environment, physical demands, and legality.

Expectancy Theory

A motivational theory that explains how people choose from available actions based on their expectations of rewards and their assessment of how likely those rewards are.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors.