The monopolist is a
A) price taker who tries to find the profit-maximizing rate of output.
B) price taker who tries to find the profit-maximizing price.
C) price searcher who tries to find the profit-maximizing price-output combination.
D) price searcher who tries to find the rate of output that maximizes price.
Answer: C
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If there is shortage of loanable funds, then
a. the supply for loanable funds shifts right and the demand shifts left. b. the supply for loanable funds shifts left and the demand shifts right. c. neither curve shifts, but the quantity of loanable funds supplied increases and the quantity demanded decreases as the interest rate rises to equilibrium. d. neither curve shifts, but the quantity of loanable funds supplied decreases and the quantity demanded increases as the interest rate falls to equilibrium.
Ahmed bought the same goods and services this year as last year. But, he has experienced inflation. This means ________.
A. he has more income to spend on goods and services B. the prices of goods and services has increased in general C. the prices of all his goods and services has increased D. he can afford to buy more of everything