When Unregulated Monopolies Exist

question 145

Multiple Choice

When unregulated monopolies exist,

• A)Prices tend to be higher than with a competitive market.
• B)Quality tends to be higher than with a competitive market.
• C)Production tends to be higher than with a competitive market.
• D)Externalities occur.

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Definitions:

Government Aid

Financial assistance or other resources provided by the government to individuals, organizations, or countries in need.

Profit-Making Organizations

Entities that operate with the primary goal of earning revenue in excess of their operational costs.

Private Non-Profit Agencies

Organizations that operate independently from government control, not seeking to generate profits for owners or shareholders, and often focused on serving social or community-based causes.

Discretionary Funds

Money available for spending and investment that is not earmarked for specific obligations.