The shape of the firm's marginal revenue curve depends ultimately on whether the firm is
A. a revenue maximizer or a profit maximizer.
B. owned by a man or a woman.
C. a monopolist or a perfect competitor.
D. a market share maximizer or a sales maximizer.
Answer: C
Economics
You might also like to view...
The paradox of value between diamonds and water is explained by the fact that the
A) total utility of diamonds exceeds the total utility of water. B) marginal utility of diamonds exceeds the marginal utility of water. C) total utility of diamonds exceeds the marginal utility of water. D) marginal utility of diamonds exceeds the total utility of water.
Economics
The winners curse is worse when
a. There are fewer bidders b. Your rivals do not have as much information as you do c. Your rivals have more information than you do d. All of the above
Economics