Because of a Patent, Alcoa Is the Only Manufacturer of Soda

question 80

Multiple Choice

Because of a patent, Alcoa is the only manufacturer of soda cans with a stay-put tab. Alcoa can earn a profit on the sale of soda cans with stay-put tabs

• A) in the short run but not in the long run because new firms will enter the industry in the long run.
• B) only in the long run because government regulations prevent monopolists from earning profits in the short run.
• C) in the long run but not the short run because the monopolist will face competition in the short run.
• D) in the long run because entry into the industry by new firms is blocked until the patent expires.

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Definitions:

Gastrocnemius

A major calf muscle that is involved in running, jumping, and other actions requiring lower leg movements.

GI Tract

The gastrointestinal tract, a system of organs responsible for digestion and absorption of food, extending from the mouth to the anus.

Autonomic Nervous System

The part of the nervous system that controls involuntary actions of the body, including heartbeat, digestion, and respiratory rate.

Neurotransmitters

Chemicals that transmit signals across a synapse from one neuron to another 'target' neuron, muscle cell, or gland cell.