Use the Information Below to Answer the Following Questions

question 63

Multiple Choice

Use the information below to answer the following questions.
Fact 13.1.1
The following statements give some information about seven markets.
1. Coca-Cola cuts its price below that of Pepsi-Cola in an attempt to increase its market share.
2. A single firm, protected by a barrier to entry, produces a personal service that has no close substitutes.
3. A barrier to entry exists, but the good has some close substitutes.
4. A firm offers discounts to students and seniors.
5. A firm can sell any quantity it chooses at the going price.
6. The government issues Nike an exclusive licence to produce golf balls.
7. A firm experiences economies of scale even when it produces the quantity that meets the entire market demand.
-Refer to Fact 13.1.1. A monopoly might arise in the market described in

• A)statement 5.
• B)statement 1.
• C)statements 2, 6, and 7.
• D)statement 3.
• E)statement 4.

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Definitions:

Sexual Double Standard

A societal norm that allows or even encourages sexual freedom and experimentation in men more so than in women.

Masculine Identities

Social and cultural constructs of manhood and masculinity that define roles, behaviors, and attributes considered appropriate for men.

Feminine Identities

The aspects of an individual's personality and life experience that relate to their identification with traditionally feminine traits and roles.

Discourse of Sexuality

The discourse of sexuality involves the ways in which sexualities are talked about, understood, and practiced within cultural and social contexts.