A Monopolist's Average Revenue Is Always

question 525

Multiple Choice

A monopolist's average revenue is always

• A)equal to marginal revenue.
• B)greater than the price of its product.
• C)equal to the price of its product.
• D)less than the price of its product.

---

Definitions:

Unwritten Rule

A rule or standard of behavior that is understood and followed by members of a group or organization but is not formally documented.

Conduct

The manner in which a person behaves, especially on a professional or business level.

Managers

Individuals who take responsibility for directing the activities within a part of an organization, overseeing employees, and making strategic decisions.

Adjourning Stage

The final phase in group development where the group wraps up activities and the members go their separate ways.