If a profit maximizing monopolist sells output for $100, then we know that its marginal revenue is
A. more than $100 if it is a perfect price discriminator.
B. less than $100 if it is a perfect price discriminator.
C. equal to $100 in all cases.
D. less than $100 if it is a single price monopolist.
Answer: D
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Saving is equivalent to withdrawing financial capital from the market.
Answer the following statement true (T) or false (F)
Which of these qualifies as a "miscellaneous liability" of a bank?
A) repurchase agreements B) negotiable CDs C) transactions deposits D) savings deposits
If the income elasticity of a particular good is negative 0.2, it would be considered
A) a superior good. B) a normal good. C) an inferior good. D) an elastic good.
An increase in the U.S. trade deficit could be caused by
A. The imposition of a tariff on imported goods. B. An appreciation of the dollar. C. An increase in the rate of inflation in other countries. D. A depreciation of the dollar.