Which Statement Is NOT Correct for a Monopolist

question 167

Multiple Choice

Which statement is NOT correct for a monopolist?

• A) Because it takes the demand curve as given, a monopolist has no influence over price.
• B) A profit-maximizing monopolist will expand output until MR = MC.
• C) Marginal revenue is less than the price at the profit-maximizing level of output.
• D) A monopolist faces a downward-sloping market demand curve.

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Definitions:

Troposphere

The troposphere is the lowest layer of Earth's atmosphere, where most weather phenomena occur, extending from the Earth's surface to about 8 to 15 kilometers above.

Stratosphere

The stratosphere is a layer of the Earth's atmosphere located above the troposphere, characterized by a slight temperature increase with altitude and the presence of the ozone layer.

Ozone

A molecule composed of three oxygen atoms, found in the Earth's stratosphere, where it plays a critical role in protecting living organisms from ultraviolet radiation.

Lichen

A symbiotic organism composed of a fungus and a photosynthetic partner, typically an alga or cyanobacterium, found on rocks, trees, and soil.