By Reducing Its Output Compared to a Competitive Market, a Monopoly

question 396

Multiple Choice

By reducing its output compared to a competitive market, a monopoly leads to

• A) a more efficient use of resources.
• B) external benefits.
• C) external costs.
• D) a deadweight loss.

---

Definitions:

Includes

Often used to specify a list of items or elements covered within a category or grouping.

ICD-9

The International Classification of Diseases, Ninth Revision, a coding system used to classify diagnoses and health problems.

ICD-10

The 10th revision of the International Classification of Diseases, a coding system for diagnosing and classifying diseases.

HIPAA

The Health Insurance Portability and Accountability Act, a US law designed to provide privacy standards to protect patients' medical records and other health information.