The More Substitutes There Are for a Monopolist's Product

question 220

Multiple Choice

The more substitutes there are for a monopolist's product

• A) the less elastic is the demand curve.
• B) the more elastic is the demand curve.
• C) the steeper is the demand curve.
• D) the more positively sloped the demand curve becomes.

---

Definitions:

Cash Flows

The overall volume of financial exchanges made into and from an organization, directly impacting its ability to cover short-term obligations.

Operating Activities

Operating activities relate to the primary activities of a business involving the production and delivery of goods and services, and are reflected in the cash flows from operations in financial reporting.

Financing Activities

Transactions with creditors and investors used to fund a company through borrowing or selling equity.

Return on Assets

A financial ratio that indicates how profitable a company is relative to its total assets, measuring how efficiently assets are used to generate profit.