Which of the Following Can Be Said About a Monopoly

question 154

Multiple Choice

Which of the following can be said about a monopoly?

• A)Monopolies are always inefficient and are therefore the least desirable form of market.
• B)They can cause a shift in the demand curve to benefit society.
• C)They may aid in innovation.
• D)All of the above are correct.

---

Definitions:

Marketization

The process by which sectors not traditionally subject to market forces are exposed to competitive pressures, often through privatisation or deregulation.

Charitable Contributions

Financial or material donations made to non-profit organizations or causes for the purpose of aiding those in need or supporting societal improvements.

Increased Revenue

An uplift in income or earnings for an individual, organization, or government, often resulting from higher sales or tax collections.

Collaborative Processes

Joint activities or efforts by multiple parties working together towards a common goal, emphasizing cooperation and teamwork.