Which of the Following Is True

question 152

Multiple Choice

Which of the following is true?

• A)A monopolist cannot make economic losses in the short run.
• B)A monopolist cannot make economic losses in the long run.
• C)A monopolist always makes economic profits.
• D)A monopolist never makes economic profits.

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Definitions:

Straightness

The measure of how closely a line or feature aligns with a true straight line, often evaluated to ensure precision in manufactured parts.

Circularity

The degree to which a form or surface approaches a perfect circle, often a crucial factor in precision engineering.

Angularity

A condition of having a specified angle or orientation in relation to a datum or reference plane, used in precision manufacturing and machining.

Circularity

A geometric tolerance that limits the amount of variation from a perfect circle, often applied to cylindrical parts to ensure they rotate or fit smoothly.