Which of the Following Statements Is True of a Monopolist

question 154

Multiple Choice

Which of the following statements is true of a monopolist?

• A)It can raise price without losing sales,since there are no competitors.
• B)At a given price,it can sell all of the output that it can produce.
• C)It is able to choose a price & output combination to the right of its demand schedule.
• D)At a given price it can sell only one particular output level.

---

Definitions:

Immigrants

Individuals who move from one country to another with the intention of settling in the new country permanently.

Political Efficacy

The belief that one's actions can influence political processes and that participation in politics can bring about change.

American Democracy

A form of government in the United States characterized by a system of representation, rights, and freedoms for its citizens.

Citizen Participation

The involvement of individuals in political, economic, and social decisions that affect their lives.