All of the Following Except One Are Reasons Why Unregulated

question 10

Multiple Choice

All of the following except one are reasons why unregulated monopolies may be undesirable? Which is the exception?

• A)Monopolies are guaranteed to make economic profits in the long run.
• B)Monopolies are productively inefficient.
• C)Monopolies are allocatively inefficient.
• D)The existence of monopolies may lead to a more unequal distribution of income and wealth.
• E)Monopolists produce below capacity output.

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Definitions:

Kudzu Vine

A fast-growing climbing plant, introduced from Asia to North America, often considered invasive due to its smothering growth.

Canadian Rockies

A major mountain range in western Canada known for its breathtaking scenery and outdoor recreational opportunities.

Cutthroat Trout

A species of freshwater fish, known for the distinctive red or orange cutthroat mark beneath its jaw.

Lake Louise

A glacial lake located in Banff National Park, Alberta, Canada, known for its vivid turquoise waters surrounded by high mountain peaks.