Which of the Following Is NOT a Characteristic of Pure

question 20

Multiple Choice

Which of the following is NOT a characteristic of pure monopoly?

• A) many sellers
• B) considerable price setting ability
• C) restricted ability to enter market
• D) long-run economic profits are possible

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Definitions:

Superego

In Freudian psychoanalysis, represents the ethical component of personality, regulating the impulses of the id according to moral and societal norms.

Defense Mechanisms

Psychological strategies brought into play by individuals or the mind unconsciously to protect against anxiety, social sanctions, or to provide a refuge from reality.

Conscious

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, etc.

Reality

The state of things as they actually exist, as opposed to an idealistic or notional idea of them.