Buying a Monopoly from the Existing Owner Does Not Ensure

question 70

Multiple Choice

Buying a monopoly from the existing owner does not ensure an economic profit because

• A) competition among buyers drives up the cost of buying the firm.
• B) profits equal zero in the long run anyway.
• C) of the deadweight loss triangle.
• D) the market for monopolies is a monopoly.

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Definitions:

Continuous Tube Feeding

A method of delivering nutrition directly into the stomach or intestine through a tube, used when a person is unable to eat by mouth.

Gastrostomy Tube

A tube inserted through the abdomen directly into the stomach for the purpose of providing nutrition, hydration, or medication when oral intake is not possible.

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