Which of the Following Is True of Pure Monopolies

question 11

Multiple Choice

Which of the following is true of pure monopolies?

• A)Monopolies earn positive economic profits in the long run.
• B)Monopolies produce output that is higher than the competitive level to maximize profits.
• C)Monopolies produce products that have a negligible marginal cost but a high fixed cost.
• D)Monopolies reduce welfare by engaging in excessive product differentiation.
• E)Monopolies maximize consumer surplus at the cost of producer surplus.

---

Definitions:

Feature-Detector Cells

Neurons in the brain that respond to specific features of a stimulus, such as lines, edges, or movement.

Visual Cortex

The part of the cerebral cortex that receives and processes sensory nerve impulses from the eyes.

Visual Patterns

Visual patterns refer to the arrangement or sequence of shapes, lines, or colors that can be recognized visually and often repeat in a predictable manner.

Cerebral Cortex

The outer layer of the brain, involved in complex functions such as thought, language, memory, and consciousness.