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:

Nucleoli

Structures within the nucleus of a cell, involved in ribosomal RNA synthesis and ribosome assembly.

Organelles

Specialized structures within a cell that perform a specific function, such as mitochondria, chloroplasts, and the nucleus.

Cell Function

The specific role or activity of a cell within an organism or a cellular system.

Rough ER

A form of endoplasmic reticulum that is studded with ribosomes and involved in protein synthesis.