Which of the Following Statements Is True

question 83

Multiple Choice

Which of the following statements is true?

• A)Monopolists are price makers. All other firms are price takers.
• B)Unlike other industries, monopoly industries have high barriers to entry.
• C)Only monopoly firms are granted patents and copyrights.
• D)Unlike other firms, a monopolist's demand curve is the same as the market demand curve.

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Definitions:

Delphi Group Input

A technique that gathers and synthesizes expert opinions through iterative rounds of questionnaires to achieve a consensus on a specific subject.

Scenario Planning Group Input

Contributions or insights provided by a team engaged in scenario planning, a strategic planning method that uses speculative scenarios to forecast future events.

Human Resource Estimating Techniques

Methods used to calculate the number and type of employees an organization will need to meet its objectives.

Strategic Human Resource Management

The proactive management of human resources aligned with the strategic goals of an organization to improve performance.