One Likely Result of Monopoly Power Is

question 28

Multiple Choice

One likely result of monopoly power is

• A)a wide variety of substitute products from which consumers can choose
• B)an elimination of barriers to industry entry
• C)a decline in government regulation
• D)a higher price than would exist in a competitive industry
• E)an improvement in allocative efficiency

---

Definitions:

1852

A year that falls within the 19th century, notable for various historical, cultural, and scientific achievements globally.

American Impressionist

An artist who was part of the American Impressionism movement, characterized by light, color, and everyday scenes, influenced by French Impressionism.

Principally Women

Primarily or chiefly focused on women.

Mary Cassatt

An American painter and printmaker known for her portrayals of the social and private lives of women, with emphasis on the bond between mothers and children.