Which of the Following Statements Is True

question 85

Multiple Choice

Which of the following statements is true?

• A)A monopolist can charge whatever price it wants without losing any customers, by virtue of its monopoly position.
• B)A monopolist may be able to increase its profits by increasing its price.
• C)In the monopoly market structure, there are low barriers to entry.
• D)A monopolist is assured of positive economic profits.

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Definitions:

Malpractice

Professional negligence by act or omission by a healthcare provider, where the treatment provided falls below the accepted standard of practice and causes harm to a patient.

Dereliction

A state of neglect or disrepair, often used to describe property that has been abandoned or not maintained, or the failure to fulfill duties or obligations.

Directly

In a straight line or manner, without deviating; also means without intervening factors or intermediaries.

Distress

Extreme anxiety, sorrow, or pain; a negative psychological state caused by external and internal stressors, affecting an individual's emotional well-being.