The Table Given Below Shows the Price, Marginal Revenue and Marginal

question 39

Multiple Choice

The table given below shows the price, marginal revenue and marginal cost of a monopolist at different levels of the output. The firm does not incur a fixed cost of production.Table 11.4

-Why is there a supply point and not a supply curve for a monopolist?

• A)A monopolist cannot affect the market price by changing its supply.
• B)A monopolist produces a homogeneous product having similar substitutes.
• C)A monopolist equates the price which it charges with its marginal cost.
• D)There is only one quantity and price at which a monopolist operates.
• E)A monopolist supplies to a large number of consumers.

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