Which of the Following Is True of Pure Monopoly

question 40

Multiple Choice

Which of the following is true of pure monopoly?

• A) Monopoly expands the options available to consumers.
• B) Monopoly results in allocative inefficiency.
• C) Profits and losses induce firms to enter and exit from industries.
• D) Monopoly works well when governments regulate prices.

---

Definitions:

Color Palette

A selected range of colors used by artists, designers, or within particular works for achieving a desired visual or emotional effect.

Hals

A Dutch Golden Age painter known for his lively and loose brushwork in portraits.

French Art Patron

An individual or institution from France that supports the arts by providing financial assistance, commissioning works, or promoting artists.

17th Century

A period in history from 1601 to 1700, marked by significant cultural, political, and scientific developments in Europe and elsewhere.