Profit — Unit test Answers
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21
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Wellness Pharmaceuticals has released a new antidepressant, Lexabuzac. Which type of monopoly does the company most likely have on this medication?
A
natural monopolyB
de facto monopolyC
government monopolyD
technological monopoly22
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A factor that most directly affects the demand for automobiles is
A
the individual tastes and preferences of buyers.B
the cost of raw materials and natural resources.C
the availability of workers in automobile factories.D
a company's ability to respond to buyers' interest.23
On a graph, an equilibrium point is where
A
a supply curve and a demand curve meet.B
a supply curve is higher than a demand curve.C
the supply and demand curves head up.D
the supply and demand curves head down.24
The graph shows a point of equilibrium.How many goods must be supplied to achieve equilibrium?
1
152
202
253
3025
Natural monopolies occur when one producer
A
can meet the market’s entire demand.B
controls the method of production.C
is the only one authorized to produce a given product.D
creates unique products.Did you find these answers helpful?
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