Which of the Following Statements Is Correct for a Monopolist

question 662

Multiple Choice

Which of the following statements is correct for a monopolist? (i)
The firm maximizes profits by equating marginal revenue with marginal cost.
(ii)
The firm maximizes profits by equating price with marginal cost.
(iii)
Demand equals marginal revenue.(iv)
Average revenue equals price.

• A)(i), (iii), and (iv) only
• B)(i) and (iv) only
• C)(i), (ii), and (iv) only
• D)(i), (ii), (iii), and (iv)

---

Definitions:

Transference

A phenomenon in psychotherapy where clients project feelings or attitudes from past relationships onto their therapist.

Primary Caregivers

Individuals who provide the majority of care and nurturing to a child, often parents but can include other adults.

Object Relations

A branch of psychodynamic psychology focusing on how internalized relationships with significant others influence emotions and behavior.

Caregiver Relationships

The dynamics and interpersonal interactions between an individual who provides care and the recipient of care, often involving emotional, physical, and social support.