Economists Object to Monopolies on the Grounds of Efficiency

question 140

Essay

Economists object to monopolies on the grounds of efficiency.Why is this? Explain.

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Definitions:

Quick Energy Source

Typically refers to foods or substances that can provide rapid energy release, often high in sugar or caffeine.

"Double V" Campaign

An initiative during World War II advocating for victory against fascism abroad and racial discrimination at home, particularly among African Americans.

Racial Segregation

The systematic separation of people into racial or other ethnic groups in daily life, often enforced by law in the past, particularly in the United States prior to the civil rights movement.

National Debt

The total amount of money that a country's government has borrowed, by various means, and is obligated to repay.