When TR is increasing as a monopolist's output increases
A) MR is negative.
B) MR is positive.
C) MR = 0.
D) MR may be positive or negative.
Answer: B
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Nigeria would be classified by the International Monetary Fund as
A) a resource-based economy. B) an emerging market economy. C) a transition economy. D) a developing economy. E) an advanced economy.
As their respective names imply, monopoly and monopolistic competition are the most similar of the four market structures
Indicate whether the statement is true or false
All of the following can be used to reduce risk except which one?
A) settling a law suit B) entering into litigation C) purchasing insurance D) diversifying your stock portfolio
Which of the following is a mechanism Keynes advocated for dealing with a situation of depressed output?
A. Laissez-faire B. Raising taxes C. Increasing government expenditure D. Increasing supply incentives