All of the Following EXCEPT One Are Reasons for Monopolies

question 39

Multiple Choice

All of the following EXCEPT one are reasons for monopolies to be regulated. Which is the exception?

• A)Monopolies are guaranteed to make economic profits in the long run.
• B)Monopolies are inefficient.
• C)The existence of monopolies may lead to a more unequal distribution of benefits.
• D)Monopolists produce below efficient level of production.
• E)Monopolies charge excessive prices.

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Definitions:

Administered

Managing or giving out, often used in the context of medications or treatments being given to patients or policies being applied in organizations.

Opportunity

A set of circumstances that makes it possible to achieve a goal or do something beneficial.

Abbreviation

A shortened form of a word or phrase used to save space or avoid repetition.

QAM

An acronym commonly used in medical prescriptions, standing for "every morning."