A. the price is greater than the marginal revenue
B. the price is less than the marginal revenue
C. there is no relation
D. they are equal
Correct Answer: the price is greater than the marginal revenue ✔
Last Updated: June 18, 2019
Related MCQs
- Which of the following best defines price discrimination ?
- Compared to the case of perfect competition, a monopolist is more likely to ?
- If a marginal revenue exceeds marginal cost, a monopolists should?
- If regulators break up a natural monopoly into many smaller firms, the cost of production ?
- Public ownership of natural monopolies ?
- Using government regulations to force a natural monopoly to charge a price equal to his marginal cost will ?
- Compared to a perfectly competitive market a monopoly market will usually generate ?
- A monopolist maximizes profit by producing the quantity at which ?
- A firm whose average total cost continually declines at least to the quantity that could supply the entire market is known as a ?
- In the UK the government ?
- According to Schumpeter ?
- In a monopoly which of the following is not true ?
- In monopoly in long run equilibrium ?
- The marginal revenue curve in monopoly ?
- In price discrimination, which section of the market is charged the higher price ?
- In order to practice price discrimination which of the following is needed ?
- Which of the following is necessary for a natural monopoly ?
- This monopolist should produce ?
- In order to maximize profits, a monopoly company will produce that quantity at which the ?
- Which of the following is a characteristic of pure monopoly ?
- A monopoly is able to continue to generate economic profits in the long run because ?
- Which of the follow statements about price discrimination is not true ?
- The purpose of antitrust (also known as competition) laws is to ?
- The monopolist’s supply curve ?
- The inefficiency associated with monopoly is due to ?
- Thomas is a monopolist in the production of your textbook because ?
- Which of the following statements about price and marginal cost in competitive and monopolized markets is true ?
- When a monopolist produces an additional unit, the marginal revenue generated by that unit must be ?
- Which of the following is not a barrier to entry in a monopolized market ?
- A welfare loss occurs in monopoly where ?
- In monopoly which of the following is true ?
- Barriers to entry do not include ?
- In monopoly when abnormal profits are made ?
- X inefficiency occurs when ?