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:

A-B-C Analysis

The process of keeping a log of the antecedents, behavior, and consequences for a particular student in order to pinpoint a problem and the circumstances that elicit and maintain it.

Reinforcement

The process of encouraging or establishing a pattern of behavior by offering rewards or positive outcomes.

Punishment

A concept in behavioral psychology where an unpleasant consequence follows a behavior, with the aim of decreasing or stopping that behavior.

Subjective Terms

Concepts or descriptors that are influenced by personal feelings, opinions, or experiences, lacking objective or universally accepted standards.