Profits of a Monopoly Are Driven to Zero

question 25

Multiple Choice

Profits of a monopoly are driven to zero

• A)In the long-run as all assets are mobile in the long-run
• B)Immediately in the short-run as assets move from low-valued uses to high-valued uses instantly
• C)In the long run because the demand curve becomes more inelastic
• D)In the short run because the demand curve becomes more elastic

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Definitions:

Placenta

A temporary organ that connects the developing fetus to the uterine wall to allow nutrient uptake, waste elimination, and gas exchange through the mother's blood supply.

Pregnant Woman

A female in the state of carrying a developing embryo or fetus within her body.

Fetal Alcohol

Pertains to Fetal Alcohol Syndrome, a condition caused by alcohol exposure during pregnancy that can result in growth defects and neurological disorders.

Cognitive Impairments

Difficulties or limitations in mental functions such as thinking, memory, attention, and learning abilities.