Which of the Following Indicates the Major Difference Between Monopolists

question 46

Multiple Choice

Which of the following indicates the major difference between monopolists and competitive price searchers?

• A) Monopolists will always be able to make economic profit; competitive price searchers will not.
• B) Barriers to entry are high under monopoly but low in competitive price-searcher markets.
• C) Monopolists will face a downward-sloping demand curve; competitive price searchers will not.
• D) Unregulated monopolists will charge prices that exceed marginal cost; competitive price searchers will not.

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Definitions:

Frequency

The rate at which something occurs over a particular period of time or in a given sample.

Disorder

A disorder is a disruption to regular bodily structure and function, leading to symptoms that affect health, well-being, and quality of life.

Interactionist Explanations

Theories or approaches that consider both individual agency and socio-cultural factors as influencing human behavior and societal outcomes.

Human Behaviour

The range of actions and mannerisms exhibited by humans in conjunction with their environment, influenced by culture, attitudes, emotions, values, ethics, authority, rapport, hypnosis, persuasion, coercion, and/or genetics.