Perhaps the Single Greatest Criticism Economists Have of Monopolies Is

question 43

Multiple Choice

Perhaps the single greatest criticism economists have of monopolies is that monopolies tend to

• A) oppose technological development.
• B) create misallocation of resources.
• C) make monopolists rich.
• D) produce goods and services that are of questionable social benefit.
• E) require government regulation in order to be efficient.

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Definitions:

Pituitary Gland

A small, pea-sized gland located at the base of the brain, responsible for regulating critical body functions through the release of hormones.

Milk Production

The biological process by which mammals produce milk to feed their young.

Electroencephalogram

A test that measures and records the electrical activity of the brain to detect potential problems associated with this activity.

Electrical Impulses

Signals transmitted through neurons or artificial circuits, used to convey information or stimulate responses.