If There Is a Sole Producer of a Good,and He

question 63

Multiple Choice

If there is a sole producer of a good,and he faces no threat of competition,it is likely that:

• A)government intervention could increase total surplus.
• B)he is acting inefficiently.
• C)he is charging an inefficiently high price.
• D)All of these are true.

---

Definitions:

Brazil

The largest country in South America, known for its rich cultural heritage, diverse ecosystems, and significant role in global agriculture and resources.

Global Contender

describes a company or entity that competes on a worldwide scale, often striving for international market leadership in its industry.

Communications Strategies

Planned approaches to disseminate information effectively to target audiences, utilizing various channels and techniques to achieve specified objectives.

Global Communications

The exchange of information and messages across international borders, facilitated through various media and technologies.