The Devices That the Computer Uses to Display Results Are

question 5

Multiple Choice

The devices that the computer uses to display results are called ____ devices.

• A) exit
• B) entry
• C) output
• D) input

---

Definitions:

Perfectly Price Discriminate

A theoretical pricing strategy where a seller charges the maximum possible price for each unit sold, capturing the entire consumer surplus.

Monopolist

A market player that is the sole provider of a particular good or service, possessing significant market power to influence prices and output levels.

Diamonds

A precious gemstone made of carbon, often used in jewelry for its brilliance and durability.

Sole Supplier

A market situation in which only one company provides a particular product or service, potentially leading to monopoly power and less competitive prices.