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

question 110

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

-One of the popular myths about monopoly is that:

• A)a monopolist is the single seller of a particular commodity.
• B)a monopolist can charge any price for his/her good.
• C)a monopolist is a price maker.
• D)a monopolist may earn positive profits even in the long run.
• E)a monopolist faces the market demand curve.

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