If a Monopolist's Marginal Revenue Is $25 a Unit and Its

question 125

Multiple Choice

If a monopolist's marginal revenue is $25 a unit and its marginal cost is $25, then

• A)to maximize profit the firm should increase output.
• B)to maximize profit the firm should decrease output.
• C)to maximize profit the firm should continue to produce the output it is producing.
• D)Not enough information is given to say what the firm should do to maximize profit.

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Definitions:

Biocolonialism

Occurs when Western companies exploit indigenous areas and express a dominant–submissive relationship.

Environmental Racism

A form of discrimination against minority groups and people from poor countries who are subjected to a disproportionate share of environmental hazards and polluting industries.

Industrialized Nations

Countries characterized by a significant level of industrialization, with advanced technological infrastructure and a higher standard of living.

Robert Bullard

Often referred to as the "father of environmental justice," he is a scholar and activist known for his work on environmental racism and advocacy for those most affected by environmental inequality.