A Monopolist Will Maximize Its Profits by Charging a Higher

question 317

Multiple Choice

A monopolist will maximize its profits by charging a higher price for customers with a price elasticity of

• A) 0.1.
• B) 1.
• C) 1.5.
• D) 10.

---

Definitions:

Fiduciary Capacity

A status entailing a legal duty of one party to act in the best interest of another, typically in contexts involving trust, such as financial management or guardianship.

Misappropriation

The unauthorized use of another's name, likeness, or property for personal gain, often violating legal rights.

Pretexting

A deceptive practice where an individual lies about their identity or intentions to obtain personal or sensitive information from another.

Fraudulent Means

Actions or practices intended to deceive or trick others, usually for personal gain or to fulfill some other illicit objective.