Which of the Following Is False

question 39

Multiple Choice

Which of the following is false?

• A)For a monopolist there are no close substitutes for its product.
• B)At one point in time IBM was a monopoly because no other firm produced mainframe computers.
• C)A monopolist is a price taker.
• D)The only gas station within 300 miles just off of highway 80 in Wyoming would be considered a monopoly.

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Definitions:

Disenfranchised

Individuals or groups who feel deprived of certain rights, opportunities, or privileges.

Empower

To give someone the authority or power to do something, or to make someone stronger and more confident, especially in controlling their life and claiming their rights.

Practitioners

Professionals who practice in a specific area of expertise, especially in fields like medicine, law, counseling, or psychotherapy.

Outreach Approach

A strategy that involves extending services and support to individuals or communities who might not otherwise access such services, often focusing on marginalized or hard-to-reach populations.