Which of the Following Is Most Likely to Contribute to the Presence

question 41

Multiple Choice

Which of the following is most likely to contribute to the presence of monopoly in an industry?

• A) economies of scale
• B) an elastic market demand for the product produced by the industry
• C) inefficiency due to bureaucratic decision-making procedures in the industry
• D) controlling over 50 percent of the market

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Definitions:

Value Judgments

Assessments based on one's personal beliefs about what is important, right, or desirable.

Special Ethical Problems

These refer to complex moral issues that arise in specific contexts, such as healthcare, business, or technology, which may require specialized knowledge and consideration to resolve.

Psychiatrists

Medical doctors specialized in the diagnosis, treatment, and prevention of mental illnesses and emotional disorders.