Which of the Following Statements Is True

question 108

Multiple Choice

Which of the following statements is true?

• A)The marginal revenue of a monopolistically competitive firm will be positive at high prices and negative at low prices.
• B)Because the demand curve for a monopolistically competitive firm is downward-sloping, its marginal revenue will be negative.
• C)The marginal revenue of a monopolistically competitive firm will be always be positive.
• D)The marginal revenue of a monopolistically competitive firm will be positive at low prices and negative at high prices.

---

Definitions:

Trust Corpus

The principal or property held in a trust that generates income for the trust's beneficiaries.

Interest Generated

Refers to the amount of money earned on savings or investments over time, usually through interest rates applied to principal amounts.

Ascertain

To find out or learn with certainty, typically used in the context of gathering information or clarity about a situation or condition.

Sound Mind

A legal term referring to an individual's mental capability to understand and appreciate the consequences of their actions and to make, understand, and execute legal decisions.