Good _______ Develop Strong Management Skills,specific Business Know-How and the Ability

question 13

Multiple Choice

Good _______ develop strong management skills,specific business know-how and the ability to organize people.

• A) Promoters
• B) Inventors
• C) Innovators
• D) Administrators

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Definitions:

Monopolist

An entity or person that has exclusive control over the supply of a particular good or service in the market, potentially influencing prices and availability.

Greater Profits

Increased financial gains achieved by a business, indicating higher revenue over costs compared to a previous period or benchmark.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex, impacting societal equality and opportunities.

Price-Discriminating Monopolist

A monopolist that charges different prices to different consumers for the same product, based on their willingness to pay, to maximize profits.