Monopolies Usually Keep Their Prices at a Level That Generate

question 175

Multiple Choice

Monopolies usually keep their prices at a level that generate a reasonable, but not excessive, return primarily because

• A)they want to avoid new competitors entering their market.
• B)they want to avoid government regulations on their pricing.
• C)they try to satisfy the demands of value-conscious consumers.
• D)firms can increase market share more rapidly this way.
• E)customers will discontinue use of these products if prices rise.

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