The pricing rule for a monopolist is:
A) P = MR > MC.
B) P > MR > MC.
C) P = MR = MC.
D) P > MR = MC.
D
You might also like to view...
The most direct way in which money replaces barter is through its use as a
A) medium of exchange. B) recording device. C) store of value. D) unit of account.
A firm's economic profit is the difference between the accounting profit and total fixed costs of the firm
a. True b. False Indicate whether the statement is true or false
Which of the following macroeconomic variables is a small part of real GDP, yet accounts for a large share of the fluctuation in real GDP?
a) unemployment b) consumer spending c) auto sales d) investment
The determinants of economic growth include all of the following except
A. technological improvement. B. growth in physical capital. C. growth in human capital. D. growth in money supply.