Examlex

Solved

The Table Given Below Shows the Price, Marginal Revenue and Marginal

question 39

Multiple Choice

The table given below shows the price, marginal revenue and marginal cost of a monopolist at different levels of the output. The firm does not incur a fixed cost of production.Table 11.4
The table given below shows the price, marginal revenue and marginal cost of a monopolist at different levels of the output. The firm does not incur a fixed cost of production.Table 11.4    -Why is there a supply point and not a supply curve for a monopolist? A) A monopolist cannot affect the market price by changing its supply. B) A monopolist produces a homogeneous product having similar substitutes. C) A monopolist equates the price which it charges with its marginal cost. D) There is only one quantity and price at which a monopolist operates. E) A monopolist supplies to a large number of consumers.
-Why is there a supply point and not a supply curve for a monopolist?


Definitions:

Four To Twelve Feet

A distance range often referred to in the context of social or professional spaces, typically relating to interpersonal communication zones.

Mixed Message

A communication that contains conflicting or contradictory information, making it unclear or difficult to interpret.

Enthusiastically

In a manner showing intense and eager enjoyment, interest, or approval.

Sales Representative

An individual who sells products or services on behalf of a company, often directly to customers.

Related Questions