Which of the Following Statements Is True

question 82

Multiple Choice

Which of the following statements is true?

• A)If a tax is imposed on a product sold by a monopolist, the monopolist will maximise its profits by producing where marginal revenue equals marginal cost.
• B)A monopolist will always charge the highest possible price.
• C)If a tax is imposed on a product sold by a monopolist, the monopolist can increase its price to pass along the entire tax to consumers.
• D)Because a monopolist faces no competition, the demand for its product is perfectly inelastic.

---

Definitions:

Teen Birth Rates

The number of live births per 1,000 females aged 15-19 years, used as an indicator of adolescent sexual activity and access to reproductive health services.

Sexually Transmitted Infections

Infections that are primarily spread through sexual contact, including viruses, bacteria, and parasites.

HIV/AIDS

Human Immunodeficiency Virus/Acquired Immunodeficiency Syndrome, a chronic, potentially life-threatening condition caused by the HIV virus affecting the immune system.

Self-Harm

Intentionally causing harm to oneself, often as a way to deal with emotional pain or distress.