If Monopolists Are Able to Produce Fewer Goods and Sell

question 22

Multiple Choice

If monopolists are able to produce fewer goods and sell them at a higher price than they could under perfect competition, the result will be

• A) elimination of barriers to entry
• B) irregularly high unsustainable profits.
• C) government deregulation.
• D) abnormally high sustained profits.

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Definitions:

Milliliter Bottles

Milliliter bottles are containers that have a capacity measured in milliliters, commonly used to hold liquids in precise quantities.

Ounces

A unit of weight commonly used in the United States, equivalent to 1/16th of a pound.

Kiloliters

A metric unit of volume equivalent to 1,000 liters, often used to measure large quantities of liquid.

Aviation Fuel

A specialized type of petroleum-based fuel used to power aircraft.