In the Long Run, Which of the Following Is Not

question 191

Multiple Choice

In the long run, which of the following is not a problem for a monopolist earning economic profit?

• A)other firms have an incentive to create substitutes for the monopolist's product
• B)technological change tends to break down barriers to entry
• C)patents expire, licenses must be renewed, and new sources of essential resources may be discovered
• D)government often decides to regulate monopolies
• E)all profit will gradually be converted to consumer surplus

Recognize the significance of standing plans and their applications.

Understand the concept of strategic planning and its importance in setting long-term organizational goals.

Grasp the benefits and processes of scenario planning and its impact on organizational flexibility and preparedness.

Identify the various planning techniques that organizations use to improve performance, including benchmarking and management by objectives.

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Definitions:

Suicidal Behavior Disorder

A classification being studied for possible inclusion in a future revision of DSM-5, in which individuals have tried to die by suicide within the last two years.

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, which is a publication for the classification of mental disorders used by mental health professionals.

Edwin Shneidman

A pioneer in the field of suicidology who extensively studied the motives and psychology behind suicide.

Death Ignorer

A person who attempts suicide without recognizing the finality of death.