The Reason Monopolists Try to Devise More Sophisticated Pricing Schemes

question 94

Multiple Choice

The reason monopolists try to devise more sophisticated pricing schemes is that:

• A)all of them have a strong entrepreneurial spirit.
• B)they hold an MBA degree and want to show off.
• C)they are interested in finding ways to increase their profits.
• D)they are trying to make an easy buck at the expense of consumers.

---

Definitions:

Common Stock

Shares of ownership in a corporation, granting holders voting rights and a portion of profits in the form of dividends.

Balance Sheet

A financial statement that displays a company's assets, liabilities, and shareholders’ equity at a specific moment, showing the company's financial position.

Wages Payable

The total amount of wages that a company owes to its employees for work that has been completed but not yet paid for.

Common Stock

Common stock represents units of ownership interest or equity in a corporation and usually comes with voting rights to elect the board of directors.