A Monopoly Firm Will Operate on The

question 30

Multiple Choice

A monopoly firm will operate on the:

• A)elastic portion of the demand curve where total revenue is maximum.
• B)elastic portion of the demand curve where marginal revenue is positive.
• C)inelastic portion of the demand curve where the profit earned per-unit is the highest.
• D)the inelastic portion of the demand curve where marginal revenue is increasing.

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Definitions:

Alleles

Alternative forms of a gene that arise by mutation and are found at the same place on a chromosome.

Environment

The sum of all external conditions and influences affecting the life and development of organisms.

Genetic Variability

The variation in the DNA sequence in each of our genomes, which is a key factor in the survival and evolution of species.

Genetic Polymorphism

A phenomenon where multiple forms or alleles of a gene exist within a population, allowing for genetic diversity.