Which One of the Following Correctly Identifies a Characteristic of a Monopolistic

question 10

Multiple Choice

Which one of the following correctly identifies a characteristic of a monopolistic market?

• A) A monopolist maximizes profit at the point where price = marginal cost.
• B) A monopolist will always earn supernormal profits.
• C) A monopoly firm faces a perfectly elastic demand curve.
• D) There is no excess capacity in a monopoly.

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Definitions:

Gender Roles

Social and behavioral norms that are considered appropriate for individuals of a specific sex within a given culture or society.

Autism Spectrum Disorders

A range of neurodevelopmental conditions characterized by challenges with social skills, repetitive behaviors, and communication.

Impaired Communication Skills

Difficulties or deficits in the ability to express oneself or understand others, which can impact social interactions, learning, and daily functioning.

Repetitive Behaviors

Actions or patterns of behavior that are performed the same way repeatedly, often observed in developmental disorders such as autism.