Monopolist

question 1

Multiple Choice

monopolist

• A)can raise its price without losing any sales because it is the only supplier in the market.
• B)can earn a greater than normal rate of return in the long run.
• C)always charges a price that is higher than marginal revenue.
• D)both a and b
• E)both b and c

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Definitions:

MARS Model

A framework used in organizational behavior that outlines four factors—Motivation, Ability, Role Perceptions, and Situational factors—that directly influence an individual's performance.

Lateness Behavior

The habit or tendency of not being on time for work, meetings, or professional obligations, often symptomatic of deeper issues.

Organizational Citizenship

Involves voluntary behaviors exhibited by employees that are not part of their formal job requirements but that contribute positively to the organization.

Cultural Differences

The variations in the norms, values, beliefs, and practices that exist among people from different backgrounds and societies.