Which of the Following Is True of Pure Monopoly

question 40

Multiple Choice

Which of the following is true of pure monopoly?

• A) Monopoly expands the options available to consumers.
• B) Monopoly results in allocative inefficiency.
• C) Profits and losses induce firms to enter and exit from industries.
• D) Monopoly works well when governments regulate prices.

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Definitions:

Home Signs

Spontaneously developed signs or gestures by children who are deaf, particularly in cases where they are not exposed to formal sign language, facilitating basic communication within their family.

Morpheme

The smallest unit of meaning in the words of a language.

Phoneme

The smallest unit of sound in a language that can distinguish one word from another, such as the difference between the sounds /p/ and /b/.

Particular Sound

refers to a specific auditory stimulus or noise that is distinct or unique in its characteristics.