​Profits of a Monopoly Are Driven to Zero

question 50

Multiple Choice

​Profits of a monopoly are driven to zero

• A)​Immediately in the short-run as assets freely move from low-valued uses to high-valued uses instantly
• B)In the long run because the demand curve becomes more inelastic
• C)In the long run because the assets eventually move from low to high valued use
• D)​In the short run because the demand curve becomes more elastic

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Definitions:

Destruction Of Property

The act of intentionally damaging or destroying property, either publicly or privately owned.

Military Tactic

A maneuver or strategy used by armed forces during combat to gain a tactical advantage over the enemy.

Confederate Civilians

Individuals who were non-combatant residents living in the Confederacy during the American Civil War.

Union Victories

Refers to the successes and advancements achieved by the Union (Northern states) during the American Civil War, contributing to its eventual win over the Confederacy.