Which of the Following Statements Is True

question 66

Multiple Choice

Which of the following statements is true?

• A)If a tax is imposed on a product sold by a monopolist, the monopolist will maximize its profits by producing where marginal revenue equals marginal cost.
• B)A monopolist will always charge the highest possible price.
• C)If a tax is imposed on a product sold by a monopolist, the monopolist can increase its price to pass along the entire tax to consumers.
• D)Because a monopolist faces no competition, the demand for its product is perfectly inelastic.

---

Definitions:

Health Promotion

Activities and practices that enhance well-being and improve health outcomes through the encouragement of healthy behaviors.

Influenza Vaccination

The act of receiving a vaccine to protect against the influenza virus, recommended annually to reduce the risk of flu and its complications.

Cardiac Rehabilitation

A customized program of exercise, education, and support to help patients recover after a heart attack, surgery, or other heart conditions.

Macrobiotic, Vegetarian

A dietary regimen emphasizing whole grains, vegetables, and beans, while avoiding processed foods and meats, to promote health and longevity.