If an Idea Has Not Been Implemented Because a Monopoly

question 132

Multiple Choice

If an idea has not been implemented because a monopoly producer has placed a barrier to entry,the circumstances are not normal due to:

• A) innovation.
• B) market failure.
• C) intervention.
• D) goals other than profit.

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Definitions:

Managers

Individuals responsible for planning, directing, and overseeing the operations and employees within an organization to achieve its objectives.

Return on Investment

A metric that indicates the profit or loss incurred from an investment in comparison to the total funds invested.

Stakeholders

Individuals or groups that have an interest or stake in the performance and actions of a company, including employees, customers, suppliers, and investors.

Return On Investment

A measure of the profitability of an investment, calculating the ratio of net profit to the initial cost of investment.