Which Statement Is True

question 79

Multiple Choice

Which statement is true?

• A)Because they are the only seller in the industry,the monopolist does not have to lower their price to sell more output.
• B)Most firms in the United States are monopolies.
• C)Unlike the perfect competitor,the monopolist does not necessarily produce at that output where MC = MR.
• D)None of these statements are true.

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Definitions:

Sponges

Simple aquatic animals with a porous body that water flows through, belonging to the phylum Porifera.

Nerve Fibers

Long, thin extensions from neurons that transmit nerve impulses to other cells.

Muscle Fibers

The cells of muscles that contract to produce movement. Muscle fibers are long, cylindrical cells that make up skeletal muscle.

Amoeboid Cells

Cells that move or feed by forming extensions of their cytoplasm, known as pseudopodia, typical of amoebas.