Which of the Following Statements Is Not Correct

question 638

Multiple Choice

Which of the following statements is not correct?

• A)Part of the deadweight loss associated with monopoly is measured by the monopolist's economic profit.
• B)Marginal cost is always less than average total cost in a natural monopoly.
• C)Discount coupons available free to the public are a type of price discrimination.
• D)Anti-trust laws make it harder for firms to create synergies.

Grasp the concept of authority and its significance in management.

Acknowledge the interdisciplinary and evolutionary nature of management as an academic field and practice.

Identify key historical figures and their contributions to management theory and practice.

Understand the universal process approach and its assumptions regarding management in different types of organizations.

---

Definitions:

Blasting

The use of explosives to break rock for excavation purposes or to demolish structures.

Reasonable Person Standard

A legal standard that measures behavior against how a hypothetical, reasonable and prudent person would have acted under similar circumstances.

Mental Deficiency

A term historically used to describe a range of intellectual disabilities, but now often considered outdated and insensitive.

Infancy

The period in human development from birth to toddlerhood, also used legally to refer to individuals under a certain age, typically 18 or 21, who are considered unable to enter into contracts.