If a Firm Collects $80 in Revenue When It Sells

question 67

Multiple Choice

If a firm collects $80 in revenue when it sells 4 units, $100 in revenue when it sells 5 units, and $120 in revenue when it sells 6 units, then one can infer the firm is a(n) :

• A)perfectly competitor.
• B)monopolistic competitor.
• C)oligopolist.
• D)monopolist.

---

Definitions:

Confidentiality

The ethical principle or legal right that a physician or other health professional will hold secret all information relating to a patient, unless the patient gives consent permitting disclosure.

Subjects

Individuals or entities that are the focus of scientific research, study, or analysis.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, which outlines a five-tier model of human needs, depicted as hierarchical levels within a pyramid.

Self-esteem

An individual's overall subjective evaluation of their own worth or value.