A Monopolist Will Find That Its Marginal Revenue Curve

question 92

Multiple Choice

A monopolist will find that its marginal revenue curve

• A)Is the same as its demand curve.
• B)Lies above its demand curve and is flatter than its demand curve.
• C)Lies below its demand curve and is steeper than its demand curve.
• D)Lies below its demand curve and has the same slope as its demand curve.

---

Definitions:

Secondary Reinforcement

A process where a stimulus reinforces a behavior after it has been associated with a primary reinforcer.

Shaping

A method of teaching new behaviors by rewarding closer and closer approximations of the desired behavior.

Gradual Approximations

A method in behaviorism where complex behaviors are broken down into simpler, achievable steps for learning purposes.

Complex Response

An intricate or multifaceted reaction to stimuli, often involving multiple cognitive and emotional processes.