Multiple Choice
The table given below shows the price, marginal revenue and marginal cost of a monopolist at different levels of the output. The firm does not incur a fixed cost of production.Table 11.4
-Why is there a supply point and not a supply curve for a monopolist?
A) A monopolist cannot affect the market price by changing its supply.
B) A monopolist produces a homogeneous product having similar substitutes.
C) A monopolist equates the price which it charges with its marginal cost.
D) There is only one quantity and price at which a monopolist operates.
E) A monopolist supplies to a large number of consumers.
Correct Answer:

Verified
Correct Answer:
Verified
Q34: The following table shows the units of
Q35: The figure given below shows the cost
Q36: The figure below shows the market equilibrium
Q37: The figures given below represent the revenue
Q38: The table given below shows the price,
Q40: The figure given below shows the cost
Q41: The figure given below shows the cost
Q42: The table given below shows the prices
Q43: The figure given below shows the cost
Q44: The figure given below shows the demand