A Monopoly Generates Inefficiency Because

question 205

Multiple Choice

A monopoly generates inefficiency because:

• A)the high prices cause some people to choose to go without the good
• B)the monopoly owner earns an abnormally large profit
• C)the monopoly pays its workers very low wages
• D)of all of the above

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Definitions:

Splanchnic Nerves

A group of nerves that innervate the viscera (internal organs), playing a crucial role in the autonomic nervous system.

Pelvic Nerves

Nerves located in the pelvis that innervate the lower abdomen, genitals, and parts of the lower back and legs.

Urinary Bladder

A hollow muscular organ in humans and some other animals that collects and stores urine from the kidneys before disposal by urination.

Parasympathetic Axons

Nerve fibers that are part of the parasympathetic nervous system, responsible for transmitting impulses to organs and glands to support rest and digest functions.