A Monopoly Sells 5 Units of Output at $20

question 134

Multiple Choice

A monopoly sells 5 units of output at $20. If the MR of the 6th unit is $14, then the price of the 6th unit is

• A) also $14.
• B) $17.
• C) greater than $20.
• D) $19.

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Definitions:

Antecedent Stimuli

Antecedent stimuli are cues or events that precede a behavior, often influencing its occurrence.

Undesirable Behavior

Actions or conduct deemed unacceptable or inappropriate by societal or individual standards.

Desirable Response

An ideal or targeted reaction or behavior that therapy aims to elicit from a client in specific situations.

Stimulus Control

A behavioral intervention technique involving the alteration of environmental factors to modify a specific behavior by manipulating the cues that trigger it.