Which of the Following Statements About Technological Advance Is Not

question 156

Multiple Choice

Which of the following statements about technological advance is not true?

• A)It enhances both productive and allocative efficiency in the society.
• B)It can increase monopoly power through, for example, patents.
• C)It can eventually destroy old existing monopolies.
• D)It progresses automatically and inevitably.

---

Definitions:

Member-Managers

Individuals in a limited liability company (LLC) who are both owners (members) and actively involved in managing the day-to-day operations.

Power To Dissociate

The legal ability of a partner or member to separate from a partnership or other business entity under specific conditions.

Limited Liability Company

A limited liability company (LLC) is a business structure allowed by state statutes that protects its owners from personal responsibility for its debts or liabilities.

Joint Venturers

Business entities or individuals that collaborate on a specific project or business activity, sharing both the risks and rewards.