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:

Justify Cheating

The process of providing reasons or arguments to defend or rationalize dishonest behaviors, such as cheating.

Narrative Analyses

The method of examining and interpreting the structure and elements of stories and narratives to understand deeper meanings and implications.

Statistical Analyses

The process of collecting, examining, interpreting, and presenting quantitative data to discover underlying patterns and trends.

Scientific Investigation

A systematic process that involves the observation, experimentation, and analysis to acquire knowledge about the natural world.