A Feature of Monopoly That Leads to Unfavorable Consequences Is

question 233

Multiple Choice

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

• A) increases income inequality.
• B) sets marginal cost equal to 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.

Recognize the significance of humanistic psychology and its contrast with psychoanalysis.

Comprehend the concept of higher needs such as esteem and self-actualization.

Explain the derivation and research basis of Maslow's theory.

Acknowledge the psychological impact of Maslow's personal background on his theories.