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Which of the Following Statements Is False

question 136

Multiple Choice

Which of the following statements is false?


Definitions:

Economists

Professionals who study the production, distribution, and consumption of goods and services.

Deregulation

The reduction or elimination of government power in a particular industry, usually with the aim of creating more competition within the industry.

Monopoly

A market structure characterized by a single seller who has exclusive control over the supply and pricing of a unique product or service.

Negative Externalities

Unintended and unfavorable side effects of an economic activity that affect third parties not involved in the activity.

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