Which of the Following Statements Is TRUE

question 152

Multiple Choice

Which of the following statements is TRUE?
I. The deadweight loss from a monopoly refers to the loss in consumer surplus that is captured by the monopolist as profit.
II. According to theory, if the government sets a natural monopolist's price equal to marginal cost, the socially optimum quantity of output will result.
III. Deregulation of cable television caused higher prices and fewer programming choices for customers.

• A) I only
• B) II only
• C) I and III only
• D) I, II, and III

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Definitions:

Neurotransmitter

Chemical compounds responsible for transmitting signals from one neuron to another across a synaptic gap within the nervous system.

Action Potentials

Rapid and temporary electrical impulses in neurons or muscle cells that allow communication over long distances within the body.

Chemical Synapses

Junctions between neurons where neurotransmitters are released to transmit signals across the synaptic gap.

Neurotransmitter

Chemical substances produced in the nervous system that allow for the transmission of signals between neurons across synapses.