The Following Question Are Based on the Following Diagram of a Monopolist

question 4

Multiple Choice

The following question are based on the following diagram of a monopolist:

-If a perfectly competitive,constant-cost industry is monopolized,the

• A) number of firms in the industry will rise.
• B) industry price and output will remain unchanged.
• C) industry price and output will rise.
• D) price will fall and industry output will rise.
• E) price will rise and industry output will fall.

---

Definitions:

Balanced Scorecard

A system for strategic planning and management that helps align organizational activities with its vision and strategy, enhances communication within and outside the organization, and tracks the organization's performance in relation to its strategic objectives.

Easily Manipulated

Refers to data or variables that can be quickly and often unethically altered or influenced.

Reliable

A characteristic indicating that something is consistently good in quality or performance; dependable.

Overall Equipment Effectiveness

A ratio that measures the productivity of a piece of equipment.