Which of the Following Is True

question 64

Multiple Choice

Which of the following is true?

• A)Monopolists never lose money in the short-run or long-run.
• B)Monopolies can only be overcome by government action.
• C)Having a recognizable brand name is a barrier to entry that can preserve monopoly power.
• D)Patents are granted to investors who have control over an essential resource.

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Definitions:

Marginal Tax Rates

The rate at which the last dollar of income is taxed, indicating the rate of tax applied to your next dollar of income.

Net Capital Spending

The total expenditure on fixed assets minus the income from the sale of disused or scrapped assets.

Total Tax

The total amount of taxes due within a specific period, encompassing federal, state, local, and other taxes applicable to an individual or business.

Net Working Capital

A measure of a company's liquidity, calculated as the difference between its current assets and current liabilities.