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MMLU-Pro / 5237 / Which of the following is true about a monopoly?

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Which of the following is true about a monopoly?

category

other

options

  1. It sets a price below average variable cost to drive its competitors out of the market.
  2. It competes with many firms selling the same product in the market.
  3. It always sets the highest possible price for its products.
  4. It can freely enter and exit the market at any time.
  5. It operates at a loss to prevent new firms from entering the market.
  6. Its marginal revenue increases as output sold increases.
  7. Its marginal revenue stays constant regardless of output.
  8. It shares the market with other dominant firms.
  9. It increases its price on all units to maximize profits.
  10. It has to lower its price on all units to sell more output.

src

ori_mmlu-miscellaneous

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Source and history

upstream_id / Original problem ID
5237
task_id
b9d037d5-ee08-5885-9e71-9bc4df024810
task_key
default--test--5237
task_revision_id
1
config / split
default / test

Official source

initial import