Which of the Following Statements Is TRUE

question 152

Multiple Choice

Which of the following statements is TRUE?
I. The deadweight loss from a monopoly refers to the loss in consumer surplus that is captured by the monopolist as profit.
II. According to theory, if the government sets a natural monopolist's price equal to marginal cost, the socially optimum quantity of output will result.
III. Deregulation of cable television caused higher prices and fewer programming choices for customers.

• A) I only
• B) II only
• C) I and III only
• D) I, II, and III

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Definitions:

Trait

A distinguishing characteristic or quality, often used in the context of personality traits.

Emotional Intelligence

A measure of an individual’s ability to recognize, understand, manage, and use emotions intelligently both in oneself and in others.

Self-Aware

Self-Aware describes an individual's conscious knowledge of their own character, feelings, motives, and desires.

Empathy

The ability to understand and share the feelings of another, enabling a deeper connection and emotional support in relationships.