Which of the following is true for a monopolist that does not price discriminate?
a. P > MR because some revenue is lost from having to lower the price on all units sold
b. P < MR because the monopolist must lower price to sell more output
c. P = MR only at the profit-maximizing level of output
d. P = MR because there are no close substitutes for the good
e. P = MR because the firm faces a perfectly elastic demand curve
A
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Marginal revenue is
a. the change in total revenue obtained by selling an additional unit of output b. average revenue per unit of output c. the change in total revenue per unit of cost d. total revenue divided by average revenue e. average revenue divided by marginal cost
If 
j, an unbiased estimator of 
j, is also a consistent estimator of 
j, then when the sample size tends to infinity:
A. the distribution of 
j collapses to a single value of zero.
B. the distribution of 
j diverges away from a single value of zero.
C. the distribution of 
j collapses to the single point 
j.
D. the distribution of 
j diverges away from 
j.