Which Statement Is TRUE

question 39

Multiple Choice

Which statement is TRUE?

• A) If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling more units at a lower price per unit.
• B) If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling fewer units at a higher price per unit.
• C) When a monopolist produces where MR < MC it always earns a positive economic profit.
• D) A monopolist is guaranteed monopoly profits by the government.

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Definitions:

Extended Self

A concept in consumer behavior that suggests individuals define themselves by the things they own, which are seen as extensions of their identity.

Marketing

The process of promoting, selling, and distributing a product or service, including market research and advertising to meet consumer needs.

Extended Self

A concept in consumer behavior that suggests individuals extend their identity through the possession of objects, significantly influencing their self-concept.

Communal Goals

signify aims or objectives that are shared by a group of people or a community, focusing on collective rather than individual benefits.