For a monopolist, marginal revenue ________ price.
A. is greater than
B. always equals
C. is less than
D. is first greater than and then less than
Answer: C
You might also like to view...
Tying the salaries of top managers to the firm's stock price or to the profitability of the firm allows a firm's board of directors to
A) avoid disclosing financial statements to investors. B) eliminate moral hazard. C) increase asymmetric information. D) reduce the principal-agent problem.
Other things the same, as the number of stocks in a portfolio rises,
a. risk increases and the standard deviation of the return rises. b. risk increases and the standard deviation of the return falls. c. risk decreases and the standard deviation of the return rises. d. risk decreases and the standard deviation of the return falls.
In the 1973 movie Save the Tiger, Jack Lemmon plays Harry Stoner, the CEO of a clothing manufacturer whose business has fallen on hard times
In one of the key scenes of the movie, Stoner tries to convince his partner that they should hire someone to burn one of their buildings in order to collect on their insurance policy. Harry Stoner's actions are an example of A) asymmetric information. B) adverse selection. C) moral hazard. D) self-interest.
A firm increased its production and sales because the firm's manager rearranged the layout of his factory floor. This is an example of
A) positive technological change. B) inspired management. C) investment in human capital. D) economies of scale.