Justify if each of the following statements is TRUE or FALSE. If the statement is TRUE, just write “True”. If the statement is FALSE, explain why it is wrong. a) Pos Malaysia is the sole firm which provides courier services in Malaysia. It is considered a monopolist in Malaysia. b) Sarawak Energy is the sole supplier of electricity transmission and distribution in Sarawak. It is a monopolist in Sarawak. c) Shell Out is a seafood restaurant with many outlets in Selangor and Kuala Lumpur. It is doing business in the perfectly competitive market.
Justify if each of the following statements is TRUE or FALSE. If the statement is TRUE, just write “True”. If the statement is FALSE, explain why it is wrong. a) Pos Malaysia is the sole firm which provides courier services in Malaysia. It is considered a monopolist in Malaysia. b) Sarawak Energy is the sole supplier of electricity transmission and distribution in Sarawak. It is a monopolist in Sarawak. c) Shell Out is a seafood restaurant with many outlets in Selangor and Kuala Lumpur. It is doing business in the perfectly competitive market.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Justify if each of the following statements is TRUE or FALSE. If the statement is TRUE, just write “True”.
If the statement is FALSE, explain why it is wrong.
a) Pos Malaysia is the sole firm which provides courier services in Malaysia. It is considered a monopolist in Malaysia.
b) Sarawak Energy is the sole supplier of electricity transmission and distribution in Sarawak. It is a monopolist in Sarawak.
c) Shell Out is a seafood restaurant with many outlets in Selangor and Kuala Lumpur. It is doing business in the perfectly competitive market.
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