Which of the Following Is a Distinct Characteristic of a Pure

question 81

Multiple Choice

Which of the following is a distinct characteristic of a pure monopolistic economy?

• A) many small suppliers, with virtually identical products
• B) small number of suppliers with products, which can be distinguished in important ways
• C) only one supplier, with monopoly granted by government mandate
• D) only one supplier, with monopoly achieved by innovation and specialization
• E) few suppliers, with products that can be distinguished but are similar enough to be replacements

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Definitions:

Corporate Social Responsibility

The practice of businesses engaging in initiatives that benefit society, beyond their financial interests and legal requirements.

Shareholder Wealth

The overall value of the investments shareholders have in a company, typically measured through the market value of the company's shares.

Stakeholders

Individuals or groups with an interest in or influence over an organization's activities, outcomes, or decisions, including employees, customers, investors, and the community.

Ethics

The branch of philosophy that deals with questions of morality, including concepts of right and wrong, virtue and vice, and moral responsibility.