Monopolies Usually Keep Their Prices at a Level That Generate

question 175

Multiple Choice

Monopolies usually keep their prices at a level that generate a reasonable, but not excessive, return primarily because

• A)they want to avoid new competitors entering their market.
• B)they want to avoid government regulations on their pricing.
• C)they try to satisfy the demands of value-conscious consumers.
• D)firms can increase market share more rapidly this way.
• E)customers will discontinue use of these products if prices rise.

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Definitions:

Autonomic System

Portion of the peripheral nervous system that regulates internal organs.

SA Node

The sinoatrial node, a group of cells located in the right atrium of the heart, acts as a natural pacemaker by generating electrical impulses that initiate each heartbeat.

Pacemaker

Cells of the sinoatrial node of the heart; electrical device designed to mimic the normal electrical patterns of the heart.

Hepatic Portal Vein

A vein that transports blood to the liver from the spleen and gastrointestinal tract.