Amanda Inherited the Only Local Cable TV/Internet Company in Town

question 212

Multiple Choice

Amanda inherited the only local cable TV/Internet company in town after her father passed away. The company has a local monopoly on the delivery of high-speed Internet service. The company is completely unregulated by the government and is therefore free to operate as it wishes. Assume that Amanda understands the true power of her new monopoly. Which of the following statements is are) correct? i) She will be able to set the price of high-speed Internet service at whatever level she wishes.
Ii) The customers will be forced to purchase high-speed Internet service at whatever price she wants to set.
Iii) She will be able to achieve any profit level that she desires.

• A) i) only
• B) ii) only
• C) i) and iii) only
• D) i), ii), and iii)

---

Definitions:

Skill-related Fitness

Components of fitness that enhance one’s ability to perform athletic or sports skills, including agility, balance, coordination, power, reaction time, and speed.

Muscular Endurance

The ability of a muscle or muscle group to perform repeated contractions over a period without becoming exhausted.

Agility

The ability to move quickly and easily, often considered as physical dexterity.

Desire

A strong feeling of wanting to have something or wishing for something to happen.