Which of the Following Statements Is False

question 141

Multiple Choice

Which of the following statements is false?

• A)For a monopolist, the law of diminishing marginal returns does not hold.
• B)A monopoly firm will earn profit if it produces the quantity of output at which MR = MC, and charges a price that is above its average total cost.
• C)The monopolist firm searches for the highest per-unit price it can charge for the quantity of output it produces.
• D)The highest per-unit price a monopoly firm can charge is determined by the height of its demand curve.

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Definitions:

Theory X

A management theory suggesting that employees are naturally unmotivated and dislike work, implying the need for control and direction.

Motivation

The reason or reasons one has for acting or behaving in a particular way.

Routine Jobs

Jobs that involve repetitive tasks and require minimal creativity or problem-solving skills.

Recognition

The acknowledgment or appreciation of an individual's achievements or qualities, often used as a motivational factor in various contexts.