Refer to the Graph Shown

question 229

Multiple Choice

Refer to the graph shown. If a competitive industry producing hamburgers is taken over by a pure monopoly firm that maximizes profit:

• A) output will remain at 100 but price will rise to $6.
• B) price will remain at $6 but output will fall by 100.
• C) price will remain at $4 but output will fall by 100.
• D) price will rise to $6 and output will fall by 100.

Identify characteristics of effective and flawed business communications.

Distinguish between internal and external audiences in business communication.

Comprehend the process and significance of feedback and revisions in business documents.

Understand the importance of audience adaptation in creating business messages.

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Definitions:

Convenience

The ease and simplicity of use or access that makes a product or service desirable to potential consumers, often influencing their purchase decisions.

Communication

The exchange of information, ideas, or feelings between individuals or groups, often involving speech, writing, or other mediums.

Financial

Pertaining to money or finance, involving the management, investment, and study of money and financial systems.

Personal

Pertaining to or affecting a particular person rather than anyone else, often implying a private or intimate aspect.