Which of the Following Statements Is True

question 155

Multiple Choice

Which of the following statements is true?

• A) A natural monopoly always arises from government intervention in the market.
• B) An increase in consumer demand can change a natural monopoly into a multiseller market.
• C) A natural monopoly earns higher profits than a monopolistically competitive firm because it faces an upward-sloping market demand curve.
• D) A natural monopoly earns higher profits than a monopolistically competitive firm because it faces a horizontal market demand curve.

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Definitions:

Absenteeism

Absenteeism is the habitual non-presence of an employee at their job. Habitual absenteeism might indicate dissatisfaction with the job, personal issues, or chronic health problems.

Job Satisfaction

A measure of how content an individual is with their job, encompassing various factors including the nature of the work, compensation, and work environment.

Positive Affect Disposition

An individual's predisposition to experience positive moods and emotions more frequently than negative ones.

Generalized Self-Efficacy

A person's belief in their ability to perform tasks across a variety of different situations and challenges.