Which of the Following Statements Is (Are)true of a Monopoly

question 377

Multiple Choice

Which of the following statements is (are) true of a monopoly?
(i) A monopoly has the ability to set the price of its product at whatever level it desires.
(ii) A monopoly's total revenue will always increase when it increases the price of its product.
(iii) A monopoly can earn unlimited profits.

• A) (i) only
• B) (ii) only
• C) (i) and (ii) only
• D) (ii) and (iii) only

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Definitions:

Type 1 DM

A chronic condition where the pancreas produces little or no insulin, necessitating daily insulin administration.

Diabetic Foot Ulcers

Diabetic Foot Ulcers are chronic sores that occur on the feet of people with diabetes, often due to neuropathy, poor circulation, and infection risk, requiring careful management.

Diabetic Glaucoma

A condition where an individual with diabetes develops glaucoma, often due to increased pressure in the eye that damages the optic nerve.

Type 1 DM

A chronic condition where the pancreas produces little or no insulin, often termed Type 1 Diabetes Mellitus.