Monopolies Usually Keep Their Prices at a Level That Generates

question 75

Multiple Choice

Monopolies usually keep their prices at a level that generates a reasonable, but not excessive, return primarily because

• A) they want to avoid new competitors entering their market.
• B) they want to avoid government regulations on their pricing.
• C) they try to satisfy the demands of value-conscious consumers.
• D) firms can increase market share more rapidly this way.
• E) customers will discontinue use of these products if prices rise.

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Definitions:

Cognitive Therapy

A form of psychotherapy that focuses on changing unhelpful or destructive thought patterns in order to improve emotional regulation and develop personal coping strategies.

Schizotypal Personality Disorder

A brain disorder that involves acute social discomfort, disordered thought processes, paranoid ideations, a sense of being detached from reality, sporadic psychotic breaks, and often unique beliefs.

Social Contacts

Refers to interactions and relationships with other people in a social context.

Bizarre Thoughts

Extremely unusual or strange ideas that might indicate a mental health disorder.