Figure 15-4 -Refer to Figure 15-4. the Demand Curve for a Monopoly

question 190

Multiple Choice

Figure 15-4
-Refer to Figure 15-4. The demand curve for a monopoly firm is depicted by curve

• A)A.
• B)B.
• C)C.
• D)D.

---

Definitions:

Disruptive Innovation

An innovation that significantly alters the way a market or industry functions, often displacing established competitors and reshaping the landscape.

Line Extension

A strategy that involves introducing additional items in the same product category under the same brand name, such as new flavors, forms, colors, added ingredients, or package sizes.

Category Extension

The strategy of using an established brand's name to enter a new product category or market segment, leveraging the brand's existing reputation and customer base.