Register
Which of the following statements regarding a monopolist is false? A. The marginal revenue cure lies below the demand curve for the monopolists output. B. Unlike a perfectly competitive firm a monopolist
207k views
2 votes
Which of the following statements regarding a monopolist is false? A. The marginal revenue cure lies below the demand curve for the monopolists output. B. Unlike a perfectly competitive firm a monopolist faces little or no competition. C. The monoplist sets price equal to marginal cost to maximize profit. D. The monopolist may or this not earn positive economic profit.

User Kathelyn
by
6.2k points

1 Answer

6 votes

Answer:

C. The monoplist sets price equal to marginal cost to maximize profit.

Step-by-step explanation:

To maximise the profit, monopolist charge price where MR = MC.

User Mcheah
by
5.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.0m questions

7.8m answers

Other Questions

What are some ways you can save on car insurance?
Demonstrate how binomial nomenclature is related to classification systems by identifying the genus name and the specific name of the domestic cat felis catus
The dark printed words on the page of a book are easily read because they are printed on a light ground. this is an example of the principle of ____________.
On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
When president obama was elected, the u.s. economy was in trouble, and has slid into a recession. consumer spending was low and getting worse. in an effort to stop the decline, president obama proposed
Link Copied!