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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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
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
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.
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