A Benefit of a Monopoly Is

question 79

Multiple Choice

A benefit of a monopoly is

• A)efficient production.
• B)decreasing long-run marginal costs.
• C)profit that can be invested in research and development.
• D)All of the above are correct.

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Definitions:

College Educations

Formal post-secondary training or instruction received at colleges or universities, which can lead to an associate's, bachelor's, master's, or doctoral degree.

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Political stability refers to the durability and integrity of a current government regime or political system, often indicating a lack of turmoil or frequent government changes.

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The cost of borrowing money or the reward for saving, typically expressed as a percentage.

Nationalize

The process by which a government takes control of a private industry or assets and transforms it into state ownership.