Which of the Following Would Help to Establish a Monopoly

question 56

Multiple Choice

Which of the following would help to establish a monopoly?

• A) possession of patent or copyright privileges
• B) sharply increasing average cost at low rates of output
• C) minimal industry barriers to entry for new products
• D) a perfectly elastic demand curve for the product
• E) the need to buy basic inputs in the world market

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Definitions:

Behavioral

Related to or based on observable actions or responses in organisms, often studied in psychology and sociology.

Gestalt Psychology

A theory of mind and brain positing that the operational principle of the brain is holistic, parallel, and analog, with self-organizing tendencies; or, the idea that the whole is greater than the sum of its parts.

Cognitive

Relating to mental actions or processes involved in gaining knowledge and comprehension, including aspects such as awareness, perception, reasoning, and judgment.

Behavioral

Related to or involving actions and observable behaviors as a means to study psychological processes and disorders.