For a monopolist, average revenues:
A. are always equal to price.
B. equal price only at the profit maximizing quantity.
C. are maximized when total revenues are maximized.
D. are always zero at the profit maximizing quantity.
Answer: A
Economics
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Indicate whether the statement is true or false
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What typically happens to the inflation rate when unemployment falls to very low levels?
(A) It will rise or fall but not with the unemployment rate. (B) It falls. (C) It stays the same. (D) It rises.
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