Statement I: the Absence of Significant Barriers to Entry Ensures

question 15

Multiple Choice

Statement I: The absence of significant barriers to entry ensures that long run profits will be competed away for the monopolistic competitor.
Statement II: Providing better service,ambience,or a convenient location are all forms of price discrimination.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

---

Definitions:

Existing Position

A job role that is currently filled or established within an organization.

Human Resources

The department within an organization that deals with the hiring, administration, and training of personnel.

Screening Job Candidates

The process of evaluating potential employees to determine their suitability for a particular position.

Recruitment Advertising

Utilizing different media platforms to post job openings aimed at attracting a wide range of candidates; a rephrased definition for Employment Advertising.