A Monopoly

question 528

Multiple Choice

A monopoly

• A)can set the price it charges for its output and earn unlimited profits.
• B)takes the market price as given and earns small but positive profits.
• C)can set the price it charges for its output but faces a downward-sloping demand curve so it cannot earn unlimited profits.
• D)can set the price it charges for its output but faces a horizontal demand curve so it can earn unlimited profits.

---

Definitions:

Discursive Racism

A form of racism that is expressed through written and spoken communication (discourse). It manifests in racial slurs and hate speech, and in words with racial meaning embedded in them.

Racial Slurs

Insulting or demeaning expressions based on race or ethnicity, intended to degrade or dehumanize individuals or groups.

Canadian History

The historical development and events that have shaped Canada, its people, and its cultural and political identity.

Institutional Racism

The systemic distribution of resources, power, and opportunity in a society to the benefit of people who are white and the exclusion and detriment of people of color, embedded within laws, policies, and practices of public and private institutions.