What Should a Profit Maximizing Monopolist Do If She Is

question 228

Multiple Choice

What should a profit maximizing monopolist do if she is currently producing where MC < MR?

• A) Increase output until MC = MR.
• B) Decrease output until MC = MR.
• C) Shut down in the long run.
• D) Keep producing at this level.
• E) Operate only in the short run.

---

Definitions:

Employment Agency

A business that matches employers with job seekers, often specializing in particular industries or types of employment.

Headhunter

A recruiter of specialized or skilled individuals, often for senior positions within organizations.

Job Analysis Technique

A systematic process used to identify the skills, duties, and knowledge required for a specific job, aiding in recruitment and performance evaluation.

Job Observation

The method of evaluating a job by watching and noting the tasks being performed, often used for training, performance assessment, or job design.