​Profits of a Monopoly Are Driven to Zero

question 50

Multiple Choice

​Profits of a monopoly are driven to zero

• A)​Immediately in the short-run as assets freely move from low-valued uses to high-valued uses instantly
• B)In the long run because the demand curve becomes more inelastic
• C)In the long run because the assets eventually move from low to high valued use
• D)​In the short run because the demand curve becomes more elastic

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Definitions:

Conscientiousness

Traits that include being orderly, trustworthy, and having a significant dedication to obligations.

Emotional Stability

A personality trait signifying the extent to which a person can remain calm and composed under stress or pressure.

Organizational Financial Performance

The measure of a company's profitability, revenue growth, and financial health.

Conscientiousness

A personality trait marked by diligence, carefulness, and a desire to do a task well.