Which of the Following Can Be Said About a Monopoly

question 194

Multiple Choice

Which of the following can be said about a monopoly?

• A)Monopolies are always inefficient and are therefore the least desirable form of market.
• B)They can cause a shift in the demand curve to benefit society.
• C)They may aid in innovation.
• D)All of these responses are correct.

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Definitions:

Dollar Stream

A continuous flow of income or revenue often described in terms of the currency, notably used in financial planning and investment analysis.

Discount Rate

The rate of interest applied to calculate the current value of future cash flows within discounted cash flow evaluation.

Natural Gas

A fossil fuel used primarily for heating, cooking, and electricity generation, consisting mainly of methane.

Solar Power

Energy harnessed from the sun's rays, converted into thermal or electrical energy for use in various applications.