Economists Object to Monopoly Because

question 82

Multiple Choice

Economists object to monopoly because

• A)monopoly profits go to the rich.
• B)monopolies overproduce to maximize profits.
• C)monopolies are usually polluters.
• D)monopolists keep output below efficient levels.

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Definitions:

Port of Contact

A port or harbor where goods, services, and cultural exchanges occur, serving as a point of entry and interaction for different regions or countries.

American Traders

Individuals or entities involved in the commerce of goods and services within the United States, playing a role in both domestic and international trade.

Distinctly American Character

Unique qualities or cultural aspects that define the identity of the United States, including individualism, freedom, and diversity.

Agriculture

The science, art, and business of cultivating soil, producing crops, and raising livestock; it is a key sector for food production and rural livelihoods.