Which of the Following Is Not a Criticism of Monopolies

question 75

Multiple Choice

Which of the following is not a criticism of monopolies?

• A)They restrict output.
• B)They set price above the perfectly competitive level.
• C)They tend to be less innovative than firms in a competitive market.
• D)They exert a disproportionate amount of political influence.
• E)They reduce allocative efficiency through perfect price discrimination.

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Definitions:

Grandiosity

An exaggerated sense of one's importance, power, knowledge, or identity, often seen in manic episodes and certain personality disorders.

Manipulation

The act of controlling or influencing others in an unfair or deceitful way to gain personal benefits.

Limit Setting

Establishing and enforcing clear, consistent rules and boundaries to guide behavior, often used in therapeutic settings to manage challenging behaviors.

Personality Disorder

A type of mental disorder characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating from those accepted by the individual's culture.