A nondiscriminating pure monopolist's demand curve:
A. lies above its marginal revenue curve.
B. coincides with its marginal revenue curve.
C. lies below its marginal revenue curve.
D. is perfectly inelastic.
Answer: A
You might also like to view...
Which of the following is NOT an example of private investment expenditure?
A) new houses built during the year B) using credit cards to purchase durable and nondurable goods C) new plants and equipment added during the year D) increases in inventories on goods produced during the year
Which situation below would represent a surplus in the fertilizer market?
A. quantity demanded is 1.2 million; quantity supplied is 1.1 million. B. market price $2.00 per bag; equilibrium price $2.25 per bag. C. market price $2.50 per bag; equilibrium price $2.00. D. quantity supplied this year is 25% greater than quantity supplied last year.
Ceteris paribus, if African countries experience a drought and purchase food from the United States, the currencies of the African countries should
A. Depreciate, and the dollar should appreciate. B. Appreciate, and the dollar should depreciate. C. Depreciate, and the dollar should depreciate. D. Appreciate, and the dollar should appreciate.
What did the Federal Reserve do in response to the Great Recession?
What will be an ideal response?