What Are Some of the Distinguishing Characteristics of Fraud Perpetrators

question 12

Essay

What are some of the distinguishing characteristics of fraud perpetrators?

---

Definitions:

Monopolist

A single seller in a market, possessing significant market power, and facing little to no competition in offering a unique product or service.

Elastic Segment

A section of the demand curve where consumers are highly responsive to changes in price, indicating elasticity of demand.

Elastic Segment

A portion of the demand curve where consumers are highly responsive to changes in price.

Inelastic Segment

A portion of the market where the demand for a product or service is relatively unresponsive to changes in price.