One Similarity Between a Monopolist and a Perfectly Competitive Firm

question 48

Multiple Choice

One similarity between a monopolist and a perfectly competitive firm is that both

• A)are large relative to their markets.
• B)may have similarly shaped cost curves.
• C)choose the price at which to sell their product.
• D)can make economic profits in the long run.
• E)need to know the shape of the market demand curve.

---

Definitions:

Plagiarizing

The act of copying someone else's work or ideas and presenting them as one’s own without proper acknowledgment.

Stealth Marketing

A marketing strategy that advertises a product to people without them realizing they are being marketed to, thus avoiding overt brand exposure.

Multitask

The ability to perform multiple tasks or activities simultaneously.

Productive

Being productive refers to achieving significant results or making considerable progress with minimal wasted effort.