Why Are Monopolies a Problem Sometimes

question 52

Multiple Choice

Why are monopolies a problem sometimes?

• A) They present a barrier to free trade between nations.
• B) They are typically wasteful and inefficient with their resources.
• C) They force people to buy products they do not want.
• D) A business can raise prices without fear of losing customers to competitors.
• E) Banks are less likely to make loans and free up capital for investment.

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Definitions:

Huguenots

French Protestants of the 16th and 17th centuries who faced severe persecution for their religious beliefs, leading many to flee to other countries.

Civil Citizenship

Pertains to the rights and duties of citizens in relation to their community and society, often emphasizing participation in civic activities.

Political Citizenship

The status of being a citizen that entails rights and duties within a political community, including participation in the democratic process.

Social Citizenship

A concept that refers to the right of every individual to have access to certain social rights and protections provided by the state, including welfare, health care, and education.