Two Important Characteristics of Any Financial Market Are Flexibility and

question 74

Multiple Choice

Two important characteristics of any financial market are flexibility and

• A) risk.
• B) innovation.
• C) tolerance.
• D) capital.

Understand the economic characteristics and behaviors of monopolists.

Contrast monopolistic markets with competitive markets.

Analyze the implications of high barriers to entry in monopolistic and oligopolistic markets.

Understand price-setting behaviors and profit maximization strategies in monopolistic markets.

---

Definitions:

Gases

States of matter consisting of particles that are significantly far apart and completely fill any container they are in, unlike solids and liquids.

Cardiac Output

The volume of blood the heart pumps through the circulatory system in one minute, an important measure of heart function and overall health.

Regulation

The control or maintenance of a process or function at a certain level or within certain limits.

Pulmonary Vein

A vein that carries oxygenated blood from the lungs to the left atrium of the heart.