Author Question: The pricing rule for a monopolist is: A) P = MR > MC. B) P > MR > MC. C) P = MR = MC. ... (Read 48 times)

Capo · **on:** Jun 29, 2018

The pricing rule for a monopolist is:

A) P = MR > MC.
B) P > MR > MC.
C) P = MR = MC.
D) P > MR = MC.

Question 2

Which of the following statements is true of price makers?

A) The supply curve of price makers is downward sloping.
B) The demand curve that price makers face is upward sloping.
C) Price makers set the price of a good after they determine how much to produce.
D) Price makers determine how much to produce after they set the price of a good.