Which of the Following Statements Is Correct for a Monopolist

question 45

Multiple Choice

Which of the following statements is correct for a monopolist? i) The firm maximizes profits by equating marginal revenue with marginal cost.
Ii) The firm maximizes profits by equating price with marginal cost.
Iii) Demand equals marginal revenue.
Iv) Average revenue equals price.

• A) i), iii), and iv) only
• B) i) and iv) only
• C) i), ii), and iv) only
• D) i), ii), iii), and iv)

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The belief in or the policy of advancing toward a goal by gradual, often slow stages, rather than by abrupt changes.

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