A Monopoly May Be Able to Earn Profits Greater Than

question 83

Multiple Choice

A monopoly may be able to earn profits greater than a competitive firm because:

• A) entry by new firms may be prevented.
• B) government policies often ensure that certain industries such as utilities earn a guaranteed rate of return on their investment.
• C) consumers are unaware of the existence of such profits and unwittingly pay the higher price.
• D) The above statement is False. In the long run a monopoly earns the same profit as a competitive firm.

Comprehend the stages of change process and their characteristics.

Recognize the use and purpose of transitional summaries in counseling.

Differentiate between various motivation techniques and understand their applications in therapy.

Understand the concept of self-efficacy and its importance in the therapeutic process.

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The process of simmering bones, vegetables, and herbs in water to extract flavors and nutrients, serving as a base for making soups or sauces.