Which of the Following Is True of Marginal Revenue for a Monopolist

question 104

Multiple Choice

Which of the following is true of marginal revenue for a monopolist that charges a single price?

• A) P = MR because there are no close substitutes for the monopolist's product.
• B) P > MR because the monopolist must decrease price on all units sold in order to sell an additional unit.
• C) P < MR because the monopolist must decrease price on all units sold in order to sell an additional unit.
• D) P = MR only at the profit-maximizing quantity.

Apply the principles of probability to predict the outcomes of genetic crosses.

Identify organelles that contain DNA and understand their roles in inheritance.

Interpret and construct pedigrees for dominant and recessive traits.

Understand the sources of law that regulate the distribution and management of an estate upon death.