Which of the Following Statements Is True

question 108

Multiple Choice

Which of the following statements is true?

• A)The marginal revenue of a monopolistically competitive firm will be positive at high prices and negative at low prices.
• B)Because the demand curve for a monopolistically competitive firm is downward-sloping, its marginal revenue will be negative.
• C)The marginal revenue of a monopolistically competitive firm will be always be positive.
• D)The marginal revenue of a monopolistically competitive firm will be positive at low prices and negative at high prices.

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Definitions:

Affect

The automatic response that something is good (positive affect) or bad (negative affect)

Behavior

Refers to the actions or reactions of an individual, in response to external or internal stimuli, visible to others.

Social Psychologists

Researchers or practitioners who specialize in studying how individuals' thoughts, feelings, and behaviors are influenced by the social context or the presence of others.

Unconscious Motivations

Drives and desires operating below an individual's conscious awareness that influence behaviors and decisions.