Use the Following Two Statements to Answer This Question: I

question 4

Multiple Choice

Use the following two statements to answer this question: I. A firm can exert monopoly power if and only if it is the sole producer of a good.
II) The degree of monopoly power a firm possesses can be measured using the Lerner Index:

• A) Both I and II are true.
• B) I is true, and II is false.
• C) I is false, and II is true.
• D) Both I and II are false.

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Definitions:

Pteridophyta

Pteridophyta refers to a group of vascular plants that reproduce via spores and do not produce flowers or seeds, commonly known as ferns.

Anthocerophyta

A phylum of plants known as hornworts, characterized by a flat thallus and a sporophyte that resembles a long horn.

Bryophyta

A group of non-vascular plants comprised of mosses, liverworts, and hornworts, noted for their prevalent gametophyte stage.

Horsetails

A group of vascular plants in the genus Equisetum, known for their jointed, hollow stems and reproduction through spores, not seeds.