From the Viewpoint of Allocative Efficiency, Which of the Following

question 64

Multiple Choice

From the viewpoint of allocative efficiency, which of the following is a defect of pure monopoly?

• A) The monopolist undersupplies the market and charges too high a price.
• B) The monopolist is a revenue maximizer not a profit maximizer.
• C) A monopolist has little incentive to produce efficiently (at a low cost).
• D) All of the above are true.

---

Definitions:

Hiring

The process of reviewing applications, interviewing candidates, and selecting an individual for employment.

Active Voice

A sentence structure where the subject performs the action expressed by the verb, making the writing clear and direct.

Report

A Report is a detailed written or spoken account of something that has been observed, checked, or investigated, often used to convey information in business, research, or news contexts.

Dorsal Roots

Nerve fibers that carry sensory information from the body to the spinal cord, part of the central nervous system.