For a Monopolist

question 37

Multiple Choice

For a monopolist:

• A) price equals average total cost.
• B) price is above marginal revenue.
• C) marginal revenue equals zero.
• D) marginal cost equals zero.

---

Definitions:

Account

An account statement that captures all transactions associated with a specific aspect of the accounting equation.

Payment

The transfer of money from one party to another as compensation for goods or services or as repayment of a loan.

Invoice

A document issued by a seller to a buyer, detailing products or services provided, prices, and terms of payment.

Cheque

A document that is written, dated, and contains a signature, instructing a bank to pay a certain amount of money to either the person holding it or to an individual named in the document.