Which Statement Is True

question 172

Multiple Choice

Which statement is true?

• A)The monopolist's most efficient output is its most profitable output as well.
• B)The monopolist charges a higher price than the perfect competitor in the long run.
• C)All monopolists have control over an essential resource.
• D)None of these statements are true.

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Definitions:

Double Fertilization

A process in the flowering plant life cycle in which there are two fertilizations; one fertilization results in formation of a zygote, whereas the second results in formation of endosperm.

Sperm

Male reproductive cells designed to fertilize female ova (eggs) during sexual reproduction.

Reproductive Structures

Organs or features of organisms that are involved in the production of offspring.

Human Civilization

The complex society that humans have developed through cultural, technological, and social advancements.