It Is Legal for an Interviewer to Ask You

question 84

Multiple Choice

It is legal for an interviewer to ask you:

• A)ANSB.for proof that you are over 18 years old
• B)about marital status.
• C)if you have any disabilities
• D)about religion
• E)where you were born.

Analyze the barriers to entry that enable monopolies to earn long-term economic profits.

Evaluate the potential regulatory responses to monopolistic behavior and their implications for efficiency and equity.

Understand the defining characteristics of pure monopoly.

Identify and explain barriers to entry in monopolistic markets.

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Definitions:

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salary, or insurance, providing stability to a company's expense structure.

Margin of Safety

The difference between actual or projected sales and the break-even point, often expressed as a percentage.

Contribution Margin Ratio

A financial metric showing the percentage of revenue that exceeds total variable costs, indicating how much revenue contributes to fixed costs and profit.

Break-even Sales

The amount of revenue needed to cover all fixed and variable costs, resulting in no profit or loss.