If a Profit Maximizing Monopolist Sells Its Output for $100

question 22

Multiple Choice

If a profit maximizing monopolist sells its output for $100, then we know that its marginal revenue is

• A)More than $100 if it is a perfect price discriminator
• B)Less than $100 if it is a single price monopolist
• C)Equal to $100 in all cases
• D)Less than $100 if it is a perfect price discriminator

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Definitions:

Virtuous Character

A set of qualities that exemplify moral excellence and righteousness in an individual.

Aristotle

An ancient Greek philosopher and scientist, who’s known for laying the groundwork for much of Western philosophy and ethics.

Evil Cause

A reason or motive for actions that are morally wrong or lead to negative outcomes, often associated with harm or malevolence.

Brave Soldier

A soldier who exhibits courage and bravery in combat situations.