Which Statement BEST Reflects an Evaluation of Monopoly Firms

question 281

Multiple Choice

Which statement BEST reflects an evaluation of monopoly firms?

• A)They are economically inefficient.
• B)They have little or no market power.
• C)Consumers are given more choices,lower costs,and higher quality.
• D)Competition should replace all monopolies.

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Definitions:

Keystone Species

A keystone species is an organism that plays a critical role in maintaining the structure of an ecological community, influencing the types and numbers of other species.

Conserving

The act of preserving or protecting something from loss or damage.

Individualistic Model

A theory in ecology that suggests communities are a chance assemblage of species with similar abiotic requirements, rather than a tightly integrated unit.

Henry Gleason

An early 20th-century ecologist known for his individualistic concept of plant communities, challenging the notion of plant communities as superorganisms.