Which of the Following Statements Is True

question 194

Multiple Choice

Which of the following statements is true?

• A)If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling more units at a lower price per unit.
• B)If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling fewer units at a higher price per unit.
• C)When a monopolist produces where MR = MC it must earn a positive economic profit.
• D)If the monopolist is earning a positive economic profit, it must be producing where MR = MC.

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Definitions:

Same-Sex Couples

Romantic partnerships between two individuals of the same sex, legally recognized in many jurisdictions and forming an important part of LGBTQ+ community dynamics.

Expanding Notion

Expanding notion means the process of broadening understanding or interpretation of a concept to include more perspectives or aspects than were originally considered.

Legal Definition

A precise, formal description of something that is recognized and enforced by the legal system.

Significant Advantage

A substantial benefit or upper hand that significantly affects outcomes in competitive situations or endeavors.