Zelda Industries Is the Only Firm of Its Kind in the World.Due

question 18

Essay

Zelda Industries is the only firm of its kind in the world.Due largely to historical accident,it began producing streganomas in 1985 in a vacant warehouse.Virtually anyone with a degree in college chemistry could easily replicate the firm's formula,which is not patent protected.Nonetheless,since 1985 Zelda has averaged accounting profits of 6 percent on investment.This rate is comparable to the average interest rate that large banks paid on deposits over the period.Do you think Zelda is earning monopoly profits?
Why?

---

Definitions:

Self-disclosure

The process of revealing personal information to others, which can enhance intimacy and trust.

Empathic Communication

An approach to communication that involves understanding and expressing genuine concern for the feelings and perspectives of others.

Sympathetic Responding

Demonstrating compassion and understanding towards others' feelings or situations without necessarily sharing their emotional experience.

Assertive Responding

The ability to express one's feelings, wishes, and rights in a direct, honest, and respectful way.