Which of the Following Is a Response That a Monopolist

question 46

Multiple Choice

Which of the following is a response that a monopolist should consider when it has new competitors threatening to enter its market?

• A)Encouraging access to scarce resources
• B)Introducing new products rarely
• C)Innovating and patenting
• D)Lowering entry barriers

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Definitions:

Prestige Needs

The desire for esteem, respect, and admiration from others, considered as part of higher-level needs in Maslow's hierarchy.

Aggressive Needs

The need to express aggression or hostility, often considered in psychological contexts as stemming from frustration or a desire for dominance.

Sexual Needs

The requirement for sexual expression and satisfaction, regarded as a fundamental aspect of human biology and psychological well-being.

Self-actualization

The accomplishment of one's potential and abilities, perceived as an inherent aspiration or obligation in all humans.