Read the Paragraph Below and Answer the Questions That Follow

question 8

Multiple Choice

Read the paragraph below and answer the questions that follow.
(1) People who are interested in developing an artistic talent can now use their smart phones or computer tablets to tap into their creative potential. (2) For example, a budding artist can download sketchbook apps that turn a mobile device's screen into a canvas for sketching, drawing, or painting with either fingers or a stylus. (3) A musician who wants to practice or learn to play can get apps that turn a phone or tablet into a virtual piano, guitar, flute, or other instrument. (4) A poet will find apps that help with discovering ideas, finding the right words and rhymes, and composing stanzas. (5) A dancer can turn a mobile device into a tool for learning new steps or moves.
Select the number of the topic sentence in the paragraph above.

• A) Sentence 1
• B) Sentence 2
• C) Sentence 3

Understand the implications of breaking up natural monopolies for costs, prices, and efficiency.

Understand the basic characteristics and structures of monopolies.

Identify factors that distinguish monopolies from perfectly competitive markets.

Describe how monopolies determine their profit-maximizing level of output and price.

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Definitions:

J.D. Power Cars

A market research company that conducts consumer surveys to provide reviews and ratings on cars and automotive companies.

Toyota Prius

A hybrid electric vehicle manufactured by Toyota, noted for its fuel efficiency and environmental friendliness.

Core Benefit

The fundamental value or primary advantage that a customer receives from a product or service.

Market Position

The place a brand or product occupies in the mind of the customer and in the market relative to competitors, based on criteria like quality, price, and function.