Which of the Following Statements Is True

question 53

Multiple Choice

Which of the following statements is true?

• A)A monopolist can charge whatever price it wants without losing any customers, by virtue of its monopoly position.
• B)A monopolist can always increase its profits by increasing its price.
• C)In the monopoly market structure, there are low barriers to entry.
• D)A monopolist is assured of positive economic profits.
• E)none of the above

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Definitions:

Corporate Downsizing

The process by which companies reduce their workforce to cut costs and improve efficiency, often leading to layoffs.

Big Five

A model outlining five broad dimensions of personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Personality Factors

Refer to the traits and characteristics that make up an individual's unique personality, often studied in psychology to understand behavior.

Extraversion

A personality trait characterized by orientation of interests and energies toward the external world and social interactions rather than internal thoughts and feelings.