One Possible Benefit of a Monopoly Is

question 8

Multiple Choice

One possible benefit of a monopoly is:

• A)a more efficient allocation of resources;only one firm is needed to supply quantity demanded.
• B)greater incentives for research due to long-run positive economic profits.
• C)the government is better able to ensure that it follows laws and guidelines because there is only one firm to monitor.
• D)goods and services are provided at a lower price than under perfect competition because of a monopoly's decreasing average cost curve.

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Definitions:

Peripheral Details

Information that is not the central focus but can be found in the margins or periphery, often not the main point of attention.

Memory

The cognitive system that retains information and involves receiving, storing, and retrieving this information.

Schema

A cognitive framework or concept that helps organize and interpret information from the world.

Robinson and Swanson

Robinson and Swanson may refer to researchers or a collaborative project, specific details of which would be based on the context in which they are mentioned, as no definitive information is provided.