Which of the Following Best Describes a Monopolist in the Long

question 86

Multiple Choice

Which of the following best describes a monopolist in the long run?

• A) It may make an economic loss, an economic profit, or zero economic profits.
• B) It always earns an economic profit.
• C) It always earns a normal rate of return.
• D) It always suffers an economic loss.

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Definitions:

Personality Trait

A characteristic or quality that defines an individual's consistent behaviors and attitudes over time.

Traits

Characteristic patterns of thoughts, feelings, and behaviors that are relatively stable across time and situations, contributing to individual differences.

Personality Psychology

Personality psychology is the branch of psychology that focuses on the study of individual differences in characteristic patterns of thinking, feeling, and behaving.

Gordon Allport

A pioneering figure in psychology, known for his theory of personality that emphasized the uniqueness of the individual and the concept of personal dispositions.