A Monopolist Can Charge a High Price If

question 106

Multiple Choice

A monopolist can charge a high price if:

• A)the quantity demanded is positively related to price.
• B)the demand is relatively price-elastic.
• C)the demand curve is negatively sloped.
• D)the demand is relatively price-inelastic.
• E)there exist a large number of substitutes.

---

Definitions:

Noncytotoxic Solution

A solution that is not harmful to cells; it does not damage or destroy cellular structures.

Contaminated

Something that has been made impure, polluted, or infected by contact or association with harmful substances or organisms.

Gauze

A thin, transparent fabric with a loose open weave, used in dressing wounds to absorb fluid and protect the wound from infection.

Absorbent Dressing

A type of medical dressing designed to absorb bodily fluids from wounds, promoting a suitable environment for healing.