Given That Monopoly Firms Do Not Have to Compete with Other

question 75

Multiple Choice

Given that monopoly firms do not have to compete with other firms, the outcome in a monopoly market is best described as:

• A) not in the best interest of society
• B) in the best interest of society
• C) efficient, but not equitable
• D) equitable, but not efficient

---

Definitions:

Alfred Kinsey

An American biologist and sexologist who is known for his research on human sexuality in the mid-20th century, notably the Kinsey Reports.

Conservative Groups

Organizations or factions holding traditional values and beliefs, often promoting the preservation of established institutions and resistance to rapid change.

Masturbation

is the self-stimulation of the genitals to achieve sexual pleasure.

Alfred C. Kinsey

A biologist and sexologist from the United States who established the Institute for Sex Research at Indiana University, famed for his contributions to the study of human sexuality.