Comparing the Monopolist to the Perfect Competitor

question 211

Multiple Choice

Comparing the monopolist to the perfect competitor,

• A)only the monopolist produces where MC equals MR.
• B)both have downward-sloping demand curves.
• C)only the perfect competitor will make an economic profit in the long run.
• D)only the monopolist will make an economic profit in the long run.

---

Definitions:

Receptor Site

Specific regions on the surface of a cell or within a cell where molecules such as hormones, neurotransmitters, or drugs can bind to elicit a physiological response.

Neurotransmitter

Chemical substances in the brain that transmit signals from one neuron to another.

Excitatory Response

A reaction in neural tissue that increases the likelihood of a neuron firing an action potential, typically facilitated by neurotransmitters.

Voltage Shift

A change in the electrical potential difference between two points, which can affect the flow of electricity in a circuit.