Monopolies ________ Fair and ________ Efficient

question 304

Multiple Choice

Monopolies ________ fair and ________ efficient.

• A) are always; are not
• B) might be; are always
• C) might be; might be
• D) are always; are always
• E) are never; are always

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Definitions:

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life.

Equipment

Includes tangible assets used in operations, such as machinery and computers, which have a useful life beyond one accounting period.

Continuous Improvement

An ongoing effort to improve products, services, or processes through incremental and breakthrough improvements.

Production Process

A sequence of operations or stages in manufacturing or the creation of goods and services, involving labor, materials, and equipment.