The Existence of a Monopoly

question 113

Multiple Choice

The existence of a monopoly:

• A) creates a gain of total surplus.
• B) benefits the consumer.
• C) benefits the monopolist.
• D) creates more consumer surplus.

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Definitions:

Anxiety

A feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.

Intrasychic

Refers to processes occurring within the mind or psyche, often involving individual thoughts, emotions, and motivations.

Functionalism

A theory in sociology and psychology focusing on the roles and purposes of societal institutions and human behaviors.

Negative Affectivity

A personality dimension involving the tendency to experience negative emotions and moods, such as sadness, anxiety, and anger, more frequently and intensely than average.