Consider the Following Characteristics

question 63

Multiple Choice

Consider the following characteristics:
a. a market structure with barriers to entry
b. demand curves that are easily identified
c. firm cannot make zero profits in the long run
d. firm can reap long-run profits.
Which of the characteristics in the list above is shared by an oligopolist and a monopolist?

• A) a, b, c, and d
• B) a, b, and d
• C) a, c, and d
• D) a and d

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Definitions:

Personal Integrity

Adhering to moral and ethical principles, and being honest and consistent in actions and decisions.

Leadership Competencies

A set of skills, behaviors, and attitudes that enable effective leadership performance.

Global Mind-Set

An attitude or approach that considers the full spectrum of global and multicultural factors in decision-making and strategizing.

Country Contexts

The unique combination of social, economic, political, and cultural factors that characterize each country and influence business operations and strategies.