For a single-price monopolist that is maximizing profit, the price is
A) less than marginal revenue.
B) equal to marginal revenue.
C) equal to marginal cost.
D) greater than marginal cost.
D
Economics
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In 2003, the per-capita income in China was roughly ________ of that in the U.S
A) one hundredth B) one eighth C) one half D) the same as E) one twentieth
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The law of diminishing marginal returns from capital, states that a decrease in capital per worker beyond some level will result in diminishing returns of output per worker
Indicate whether the statement is true or false
Economics