What Is the Most Significant DOWNSIDE of Using Social Media

question 2

Multiple Choice

What is the most significant DOWNSIDE of using social media?

• A) Professional networks can connect you with a very large number of other professionals.
• B) Human resources professionals can use social networking sites to explore the personal lives of applicants.
• C) A large number of prospective employers have access to your credentials.
• D) You may get unsolicited feedback from other professionals.

Understand the characteristics of a monopoly market structure.

Identify factors that lead to the formation of monopolies, including natural and government-created monopolies.

Explain how monopolists determine the profit-maximizing level of output and price.

Understand the concept of marginal revenue and how it differs for monopolies compared to competitive firms.