A Feature of Monopoly That Leads to Unfavorable Consequences Is

question 167

Multiple Choice

A feature of monopoly that leads to unfavorable consequences is that it:

• A) reduces income inequality.
• B) sets marginal cost equal to marginal revenue rather than price.
• C) produces more output than if perfectly competitive firms characterized the same industry.
• D) charges a lower price than if perfectly competitive firms characterized the same industry.

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Definitions:

Psychodynamic

An approach in psychology which emphasizes systematic study of the psychological forces that underlie human behavior, feelings, and emotions and how they might relate to early experience.

Cognitive-Behavioral

Pertaining to a therapy approach that combines cognitive and behavioral techniques to change negative patterns of thinking and behavior.

Behavioral

Relating to or concerning the actions or reactions of a person in response to external or internal stimuli.

Existential

Pertaining to existence, particularly human existence and its inherent concerns, conditions, or philosophy.