Which of the Following Statements Is True

question 95

Multiple Choice

Which of the following statements is true?

• A) One reason a monopoly can earn economic profits is because it can raise price and restrict output.
• B) A perfectly competitive firm can earn economic profits because it can raise price and restrict output.
• C) Income is transferred from producers to consumers in a monopoly compared to perfect competition.
• D) Monopolists who price-discriminate rarely earn positive economic profits in the long run.

Learn about significant companies and legal cases that shaped the American industrial landscape.

Understand the theory of Social Darwinism and its influence.

Analyze social and economic aspects of the marriage market and consumer behavior.

Comprehend the transition from agricultural to industrial society and its effects on workforce demographics.

---

Definitions:

Cross-Sectional Study

A study that analyzes data from a population at a specific point in time.

Case-Control Study

A type of observational study that compares individuals with a specific condition or disease (cases) to others who do not have the condition (controls), looking for factors that may contribute to the disease.

Longitudinal Study

A research design that involves repeated observations of the same variables over short or long periods of time to detect patterns, trends, or changes.

Experimental Design

A plan for conducting research that is structured to test hypotheses by controlling and manipulating variables to establish cause-and-effect relationships.