Which of the Following Statements Is True Regarding a Monopolist

question 26

Multiple Choice

Which of the following statements is true regarding a monopolist?

• A)A monopolist's short-run supply curve is upward-sloping.
• B)A decrease in demand will always cause a monopolist to reduce output.
• C)A monopoly firm that operates at a point above average total cost should shut down.
• D)Marginal revenue is greater than marginal cost for a profit-maximizing monopolist.

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Definitions:

Balance Of Trade Deficits

Occurs when a country's imports exceed its exports over a certain period, leading to a net outflow of domestic currency to foreign markets.

Current Account Surpluses

Happens when the overall exports, encompassing goods, services, and transfers, of a country surpass its total imports.

Capital And Financial Account Deficits

A situation where a country's capital outflows exceed its capital inflows, resulting in a net outflow of domestic currency to foreign markets.

Balance Of Payments Surpluses

A situation where the total of a country's international transactions results in net earnings, with more credits from exports and capital income than debits for imports and overseas investments.