In Terms of Pricing,which of the Following Is Not True

question 50

Multiple Choice

In terms of pricing,which of the following is not true for a monopolist?

• A) In the long-run economic profit is impossible.
• B) Marginal revenue is always less then the price charged.
• C) If marginal revenue is greater then marginal cost increasing output will increase profits (decrease loss).
• D) Maximum profit (minimum loss)occurs where marginal revenue equals marginal cost.

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Definitions:

Supply Chain Management

The management of the flow of goods and services, involving the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.

Coordinating Aspects

The elements or actions involved in organizing and harmonizing different parts or phases of a project or process to achieve a common objective.

Maximizing Productivity

The process of increasing the efficiency and effectiveness of operations to achieve the highest possible output or outcome.

State Employment Agencies

Government-run offices or organizations that provide employment services, including job listings, career counseling, and training opportunities to job seekers.