Which of the Following Statements Is TRUE

question 365

Multiple Choice

Which of the following statements is TRUE?

• A) Perfectly competitive markets are efficient, but monopoly markets never are efficient.
• B) Perfectly competitive markets always reach equilibrium but monopoly markets never reach equilibrium.
• C) Perfect price discriminating monopolists can eliminate all deadweight losses and achieve efficiency.
• D) All the above statements are true.

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Definitions:

Creative Intelligence

A facet of intelligence involving the ability to produce new ideas, innovate, and solve problems in novel ways.

Sternberg

Refers to Robert Sternberg, an American psychologist and psychometrician best known for his theory on intelligence and creativity.

Renowned Poet

A highly recognized and distinguished poet, celebrated for their significant contributions to poetry.

Analytical

Pertaining to or proceeding by analysis (i.e., separating a whole into its constituent parts to examine or determine their relationship).