Examlex
Which of the following is NOT consistent with a monopoly?
Optimal Combination
The most favorable mix of goods, services, or resources to achieve the highest level of satisfaction or output with given resources and constraints.
Efficiency
The property of a resource allocation of maximizing the total surplus received by all members of society.
Equality
The property of distributing economic prosperity uniformly among the members of society.
Decision Making
The cognitive process resulting in selecting a course of action among several alternatives.
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