Which of the Following Is Correct for a Single-Price Monopoly

question 9

Multiple Choice

Which of the following is correct for a single-price monopoly?
i.The firm can determine the quantity it produces and the price it charges.
ii.It would never profitably produce output in the inelastic range of its demand.
iii.Its marginal revenue is less than price.

• A) i only
• B) i and iii
• C) ii only
• D) ii and iii
• E) i, ii, and iii

---

Definitions:

Contracting

The process of muscle fibers shortening to produce movement or increase tension against a load.

Pressure Gradients

The difference in pressure between two points in a fluid or gas, driving the movement of the fluid from areas of high pressure to areas of low pressure.

Vascular System

The network of blood vessels in the body, including arteries, veins, and capillaries, which circulate blood.

Peristalsis

The wave-like muscle contractions that move food through the digestive tract.