In the Short Run, a Monopolist's Economic Profits

question 25

Multiple Choice

In the short run, a monopolist's economic profits

• A) are always positive because the monopolist is a price-maker.
• B) are usually negative because of government price regulation.
• C) are always zero because consumers prefer to buy from competitive sellers.
• D) may be positive or negative depending on market demand and cost conditions.

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Definitions:

Coefficient of Variation

A standardized measure of dispersion of a probability distribution or frequency distribution, expressed as a percentage of the mean.

Ether

A class of organic compounds characterized by an oxygen atom connected to two alkyl or aryl groups; they are often used as solvents.

Molecule

The smallest particle of a chemical element or compound that has the chemical properties of that element or compound.

1,2-dibromoethene

A halogenated alkene with the formula C2H2Br2, characterized by having two bromine atoms attached to adjacent carbon atoms in the ethene molecule.