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NEW QUESTION: 1
Under monopoly, strategic plans focus on:
A. Profitability from production levels that maximize profits.
B. Maintaining the market share, ensuring product differentiation, and adapting to price changes or
required changes in production volume.
C. Maintaining the market share and being responsive to market conditions related to sales price.
D. Maintaining the market share and planning for enhanced product differentiation.
Choice "a" is correct. Under monopoly, strategic plans ignore market share and focus on profitability from
production levels that will maximize profits.
Choices "b", "c", and "d" are incorrect because they are characteristics of other types of market structures.
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