Since a Monopoly Can Set Any Price It Wants,it Always

question 43

True/False

Since a monopoly can set any price it wants,it always makes a profit.

---

Definitions:

Fifth Amendment

An amendment to the US Constitution that provides several rights related to legal proceedings, including the protection against self-incrimination and double jeopardy, and ensures due process of law.

Just Compensation

The fair market value payment required by law, given to property owners for the taking of their property by the government for public use.

Privacy Rights

The rights of individuals to control the use and disclosure of their personal information and to be free from unauthorized surveillance.

U.S. Supreme Court

The highest court in the United States, with ultimate appellate jurisdiction over all federal court cases and state court cases involving issues of federal law.